Thank you
Christophe Choo
Coldwell Banker Realty
310-777-6200
Nestled within the sought-after 90019 zip code, this stunning, pride of ownership 8-unit building presents a rare opportunity to own a piece of timeless elegance in a vibrant and culturally rich neighborhood. Boasting a harmonious blend of classic architecture and modern conveniences, this property is perfectly poised to captivate discerning investors. This thoughtfully designed building features an ideal mix of floor plans, with 4 spacious two-bedroom units and 4 inviting one-bedroom units. Each unit has been meticulously maintained or remodeled to maximize comfort and functionality, offering residents a comfortable retreat that is both welcoming and stylish. For investors seeking an asset with both immediate and long-term potential, this building presents a compelling opportunity. The unit mix caters to a wide range of renters, ensuring a steady stream of income. The sought-after location and impeccable design further contribute to the property's appreciation potential. With a substantial 13,166 square foot lot and many newer developments in this area, this is also a terrific opportunity to build to suit. Below market rents with long term tenants with substantial rent upside.
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Total Bedrooms : 12
Total Baths: 8
Full Baths: 0
Half Baths: 0
Water Source : Public
Sewer : Other,Sewer Tap Paid
Roof : Composition,Tile
Property Appliances: Gas Oven,Oven,Refrigerator,Dryer
Fireplace: Dining Room,Kitchen,Living Room
Flooring: Carpet,Tile,Vinyl,Wood
Wall/Window Unit(s)
Air Conditioning
Natural Gas,Wall Furnace
Has Heating
Fireplace Features: Dining Room,Kitchen,Living Room
Has Fireplace: 1
Year Built: 1922
Building Area Total: 9,268
Roof: Composition,Tile
Raised
Carbon Monoxide Detector(s),Security Gate,Gated Community,Smoke Detector(s)
None
None
Lot Dimensions Source: Assessor
Lot Size Acres: 0.3022
Lot Size Dimensions: 73 x 17825
Lot Size Source: Assessor
Lot Size Square Feet: 13166
Original List Price: 2,799,000
Listing Contract Date: 2023-08-28
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5073006008
Garage Description: Assigned,Controlled Entrance,Concrete,Covered,Driveway,Electric Gate,Community Structure,Shared Driveway,On Street,Uncovered
Lease Term: Negotiable
Tenant Pays: Cable TV,Electricity,Gas
Source Listing Status: Active
Source Neighborhood: C16 - Mid Los Angeles
Postal Code Plus 4: 4782
Directions: 1 block south of Pico, three blocks west of Western and 4 blocks east of Wilton Place
Zoning: LAR3
Source Property Type: Residential Income
Area: C16 - Mid Los Angeles
Property Age: 102
Property Condition: Updated/Remodeled
Year Built Source: Vendor Enhanced
Total Square Feet Living: 9268
Levels or Stories: One,Multi/Split
Building Total Stories: 1
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
3617 W Venice Boulevard, Los Angeles, CA,90019 | $15,950,000 | 56 | -- | 27,448 | 15952 Sqft |
1714 S Marvin Avenue, Los Angeles, CA,90019 | $1,189,000 | 4 | 3 | 1,708 | 6662 Sqft |
4516 St Charles Place, Los Angeles, CA,90019 | $1,210,000 | 5 | -- | 3,097 | 7013 Sqft |
1269 S Citrus Avenue #8, Los Angeles, CA,90019 | $2,895 | 2 | 1 | -- | 6501 Sqft |
4620 Pickford Street, Los Angeles, CA,90019 | $950,000 | 3 | 1 | 1,632 | 5503 Sqft |
1612 S Sierra Bonita Av.., Los Angeles, CA,90019 | $1,650,000 | 3 | 3 | 2,506 | 5652 Sqft |
1385 1385-87 S Orange D.., Los Angeles, CA,90019 | $1,195,000 | 4 | -- | 2,285 | 6218 Sqft |
1325 S Mansfield Avenue, Los Angeles, CA,90019 | $1,475,000 | 4 | -- | 3,087 | 6905 Sqft |
1089 S Orange Drive, Los Angeles, CA,90019 | $1,595,000 | 6 | -- | 3,696 | 9497 Sqft |
1012 S Sycamore Avenue, Los Angeles, CA,90019 | $1,790,000 | 6 | -- | 3,854 | 6358 Sqft |
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ByOwner last updated this listing 05/03/2024 @ 21:27
MLS: 23305307
LISTED BY: Christophe Choo, Coldwell Banker Realty
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.