• 4,002 sq.ft.
  • 7,499 sq.ft. lot
offered at $2,349,000
Status: Active // Property Type:
County: Los Angeles // Year Built: 1917

Property Description

If you were in a 1031 exchange and despairing of ever finding a property that made any sense at all, look no further. Here is a property that is a perfect blend of great upside and stability, while also being an absolute gem that you would be proud to have in your portfolio.On the other hand, if you are someone who is looking for a great income property that will help fortify your family's financial security, yet at the same time provide you with an awesome unit that you would be delighted and excited to live in, this is definitely that property. The top unit - fully renovated, 2000 sq ft, 3 bed, 2 bath, light and airy as it is, with wonderful open floor plan and great views to the west all the way out to the ocean and to the east displaying all of downtown, you would be thrilled to have it as your own residence. And, best of all.... it just went vacant!This 4-plex sits on one of the prettiest tree-lined streets in one of LAs most venerable and sought after neighborhoods It is a constant source of wonder to the local residents there that they can live in such a tranquiil, lovely setting, yet be only a 5 minute drive to downtown without using a freeway. It is not an overstatement to say that this multi-family has just about everything you could possibly need or want in a property, including: in unit laundry in each unit in main building; plenty of parking; huge storage space in the basement with full headroom; great back yard to enjoy; units are large; in the rear there is one tiny unit, but it is very charming, is totally separate from the rest of the property and even has its own private back yard. And, as if all that isn't enough the property, being historical, qualifies for the Mills Act and gives you an approximately 50% discount on your annual property taxes! As an additional note, if someone wanted to spend the $100K needed to convert the 400 sq ft garage to an ADU (it has never been used for parking) that would easily represent an additional $2K/mo in income. The list of positive attributes goes on and on but you really need to come see it to get the full sensation of what the property has to offer. Easy to show.

Listing Courtesy of Ken Shapiro, Silverwood Properties

Interior Features

Heating: Wall Furnace
  • raj qsar
    CEO | Owner |
    CalBRE# 01744847
    • cell 714.412.5019
    • office 949.612.2535
    email Raj

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Based on information from California Regional Multiple Listing Service, Inc. as of October 9, 2021. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.