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$ 1,350,000
Est. payment | /mo
8 Beds
5,972 SqFt
$ 1,350,000
Est. payment | /mo
8 Beds
5,972 SqFt
Key Details
Property Type Other Types
Sub Type OTHER
Listing Status Pending
Purchase Type For Sale
Square Footage 5,972 sqft
Price per Sqft $226
MLS Listing ID CL24422805
Bedrooms 8
HOA Y/N No
Year Built 1924
Lot Size 7,586 Sqft
Acres 0.17
Property Description
Exceptional Investment Opportunity in Prime L.A. Location. Discover this well maintained property, perfectly positioned near all the conveniences of Los Angeles. This stately building boasts nearly 6,000 sq. ft. of expansive living space, featuring spacious units that offer incredible potential. Rarely found, this property includes a large parking court and four garages, providing ample space for residents and guests alike. Built in the pre-Depression era, this investment is a testament to enduring quality and design, featuring oversized windows, a balcony, a tiled roof, and exquisite 1920s ornate details that exude charm and character. The curb appeal is simply unmatched, showcasing the timeless beauty of a bygone era. Properties of this caliber are a rarity in today's market. Situated in the heart of Los Angeles, this property is located in a rapidly expanding, high-demand area, offering significant growth potential. Whether you're an investor seeking a buy-and-hold opportunity or considering an owner-user investment, this property offers incredible flexibility. Brand new plumbing throughout. All units are currently month-to-month, providing new owners with the opportunity to increase rents by 3% per unit upon lease renewal. This is a straightforward sale, not subject to 1031 e
Location
State CA
County Los Angeles
Area Listing
Zoning LAR3
Interior
Heating Wall Furnace
Fireplace No
Exterior
Total Parking Spaces 4
Building
New Construction No
Others
Tax ID 5518016023
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Dan Heston • eXp Realty of Greater Los Angeles
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "