SUBSTANTIAL PRICE ADJUSTMENT!!! This spectacular historic Mills Act property consisting of three separate buildings with three separate APN numbers was designated with Mills Act status in 2017. It is located in the coveted and historic Preservation Overlay Zone (HBOZ) of Country Club Park. This property known to many as… Read More 'the beautiful buildings on the hill', offers expansive city views to its many tenants. It is situated on an enormous 23,000 sq. ft. lot spanning the entire southern side of the block of Country Club Drive between 3rd and 4th Avenue. The buildings were built in 1923 & 1936 by well known architects of that period. The units are large and spacious and total over 17,000 sq. ft. There is an excellent mix of 1,2 & 3 bedroom units, with several being townhouse style. The rents are below market creating a quintessential value-add opportunity for new ownership. The units exude style, character and charm offering a mix of both Mediterranean Revival Style and French Revival Style of architecture. This is an extraordinarily unusual opportunity to purchase this property which has rarely been offered for sale since it was built by its original owner, Edna T. Lux in 1923 and 1936. Read Less
Property listed by Miller & Desatnik Realty Co., Carolyn Schneider 310-202-9166
Listing Snapshot
Days Online
293
Last Updated
Property Type
Other
Beds
20
Square Ft.
17,028
Lot Size
0.54 Acres
Year Built
1923
MLS Number
24395159
Additional Details
Appliances & Equipment
Dishwasher, Dryer
Building
Built in 1923, Building area total: 17,028, Levels: Two, Living area: 17028, 2 stories, 3 buildings, Architectural style: Mediterranean
Cooling
WallWindowUnits
Heating
Gravity
Income
Gross income: $371,568, Net operating income: $249,782
Lot
0.5379 acres, 23,433 square feet, Size: 23,433
Parking
15 totals parking, AttachedCarport
Property
Zoning: LARD1.5, CityLights
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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