Property listed by Marcus & Millichap, Roderick 'Rick' Raymundo 818-212-2700
$1,525,000
Nestled between the trendy Larchmont Village and Virgil Village neighborhoods, just north of bustling Koreatown, the property allows tenants convenient access to many of Los Angeles' most recently improved areas. Silver Lake, Sunset Junction, and Echo Park are just east of the buildings, while the high-end Los Feliz neighborhood sits… Read More north of the property. A new ADU was completed in 2025, generating a substantial income stream by attracting higher-paying tenants with its brand new finishes. Garage parking for four vehicles is another rare amenity in this dense residential neighborhood that helps attract new tenants to the building. Neither building appears on the Los Angeles Department of Building and Safety's seismic retrofit list (Buyer to verify), saving a new owner from what would otherwise be a costly capital expenditure. Residents enjoy convenient access to the 101 Freeway, while the Metro Red Line is accessible via the nearby Vermont/Beverly station. With LA Live and the neighboring Crypto.com Arena, Los Angeles Convention Center, and nearby Los Angeles Coliseum scheduled to host events in the 2028 Summer Olympics, the entire local area stands to benefit from upcoming infrastructure improvements and an influx of capital to the area. Read Less
Listing Snapshot
Days Online
8
Last Updated
Beds
8
Square Ft.
4,608
Lot Size
0.1 Acres
Year Built
1923
MLS Number
26669749
Additional Details
Building
Built in 1923, Living area: 4608.0, 2 buildings, 2 stories, Levels: Two
Garage
4 spaces
Income
Gross Income: $138,708, Net Operating Income: $84,120
Lot
0.1046 acres
Parking
4 total parking spaces, Assigned
Taxes
Parcel Number: 5520009026, Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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