$1,804,000
$1,790,000
0.8%For more information regarding the value of a property, please contact us for a free consultation.
6,956 Sqft Lot
SOLD DATE : 04/09/2024
Key Details
Sold Price $1,804,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW24045370
Sold Date 04/09/24
HOA Y/N No
Year Built 1932
Lot Size 6,956 Sqft
Property Sub-Type Duplex
Property Description
Discover an exceptional Picfair Village duplex now on the market for the first time in over 17 years, offering a rare investment opportunity. Minutes away from Culver City, West Hollywood, and Beverly Hills, this property features a mix of units: a 3-bedroom 1.5-bath, and a 2-bedroom 1-bath, each designed to maximize comfort and appeal to a wide range of tenants. Each unit has its own private outdoor space making this an attractive duplex for owner-occupants or investors. The units have a history of generating significant income through short-term monthly rentals. The property includes stamped and APPROVED plans to convert the garage into a luxurious 2-bedroom, 2-bath Accessory Dwelling Unit (ADU) with 800 sqft of living space and a rooftop deck with views of Century City. This addition enhances the property's value and promises to increase its income-generating capabilities. Whether you choose to occupy one unit and lease the others, or capitalize on the full rental capacity, this property is poised to deliver an attractive annual income. With the flexibility to adjust rents in line with market conditions, this investment stands out as a not-to-be-missed opportunity for those seeking a property with strong income potential and growth. The neighborhood boasts lots of restaurants and amenities just a short distance away.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LAR1
Interior
Interior Features Quartz Counters, All Bedrooms Down
Heating Central
Cooling Central Air
Flooring Tile, Wood
Fireplaces Type None
Fireplace No
Appliance Gas Range, Refrigerator, Water Heater, Dryer, Washer
Laundry Inside
Exterior
Parking Features Driveway
Garage Spaces 2.0
Garage Description 2.0
Fence Block, Chain Link
Pool None
Community Features Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected
View Y/N No
View None
Roof Type Flat,Tile
Accessibility None
Total Parking Spaces 2
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Entry Level One
Foundation Raised
Sewer Public Sewer
Water Public
Architectural Style Spanish
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5069016012
Energy Description 551.0
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan
Financing Cash
Special Listing Condition Notice Of Default
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Bought with Tina L. Cameron • Compass
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "