UPDATED:
07/31/2024 01:56 AM
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB24130998
Bedrooms 4
HOA Y/N No
Lot Size 4,499 Sqft
Type of Financing Cal Vet,Cash,Conventional,Exchange,FHA,VA
Property Description
Welcome to your ideal investment opportunity nestled between the vibrant communities of Highland Park and Eagle Rock. This charming Spanish duplex, on the border of two of Los Angeles's hottest neighborhoods, offers a perfect blend of comfort, convenience, and income potential. Enjoy modern comforts and conveniences including an updated kitchen, a new bathroom with handmade wood barn doors, and original oak hardwood floors restored to their former glory. Additional features include a brand new HVAC system with a Nest Thermostat, custom shelving in the walk-in closet, updated electrical and plumbing, new lighting fixtures, doors, plus all new energy-efficient windows in both units. Spend leisurely afternoons in the beautifully landscaped backyard, featuring a patio perfect for entertaining, native plants, lush grass, a deck with views of the local hills, and a thriving Meyer lemon tree. The home includes a 2-car garage with an additional side storage room, plus ample storage space is available in the attic, spanning the entire building via new drop down ladder. The left unit, or owners unit with exclusive access to the backyard will be delivered vacant, providing an opportunity for the new owner to move right in or lease out at Maximum Market value. Meanwhile, the right unit boasts a steady long-term tenant offering immediate supplemental income. There is also the potential to build an additional ADU in the spacious backyard, further enhancing rental income opportunities (please confirm with city). Enjoy easy access to York Blvd and Figueroa home to some of the best restaurants, cafes, and shops that NELA has to offer. With proximity to DTLA, Eagle Rock, Burbank Studios, and Old Town Pasadena, residents are perfectly positioned to explore all that Los Angeles has to offer. Experience the best of Eastside lifestyle combined with significant appreciation potential and supplemental rental income, making this property an exceptional investment opportunity in today's market. Whether you're seeking a comfortable residence with income potential or an investment property in a desirable location, this Highland Park/Eagle Rock duplex offers the best of both worlds. Priced at just $999,999 this move-in ready gem presents an incredible opportunity to own a piece of Eastside charm with limitless potential.
Location
State CA
County Los Angeles
Area Los Angeles (90042)
Zoning Public Rec
Interior
Cooling Central Forced Air
Air Conditioning Central Forced Air
Building
Lot Description Curbs, Sidewalks
Story 1
Lot Size Range 4000-7499 SF
Level or Stories 1 Story
Others
Monthly Total Fees $19
Acceptable Financing Cal Vet, Cash, Conventional, Exchange, FHA, VA
Space Rent $1,500
Listing Terms Cal Vet, Cash, Conventional, Exchange, FHA, VA
CFD/Mello-Roos Fee $231
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Glen Henderson
Broker Associate | CA BRE #01384181
Broker Associate CA BRE #01384181
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