Situated on a tree-lined street in the coveted Mid-City and Longwood Highlands area, 1040 S. Longwood Ave. is an exceptional income property consisting of two separate duplexes on an oversized 8,922 square foot corner lot. With high ceilings, elegant archways, and abundant natural light throughout, the property reflects the timeless… Read More charm, an ideal opportunity for an owner/user, with two units delivered vacant. The Longwood building offers a 3-bedroom, 2-bath unit upstairs and a 3-bedroom, 2-bath unit downstairs. Both feature spacious, high-ceiling living rooms with decorative fireplaces and large windows overlooking the quiet street, plus a sunroom off the living room that makes an excellent home office or yoga room. A gracious formal dining room opens to the living room, and a charming breakfast nook includes built-ins. The second building on Edgewood holds two updated 2-bedroom, 2-bath units, each with a large high-ceiling living room with decorative fireplaces and floor-to-ceiling window, a sunroom home office or yoga room, a formal dining room with large windows, and a breakfast nook overlooking the courtyard. Between the buildings, a lush gated courtyard offers a tranquil sitting area perfect for entertaining, accessible to all four units. Two attached garages complete the property. Miracle Mile and Hancock Park adjacent. Just minutes from Larchmont Village, Koreatown, Downtown LA, and the Westside. Nearby attractions include LACMA, the Academy Museum, the Petersen Automotive Museum, The Grove, the Larchmont Farmers Market, and the Wilshire/La Brea Metro D Line station. Read Less
Property listed by Coldwell Banker Realty, Andrew Vargas 310-777-6200
Listing Snapshot
Days Online
20
Last Updated
Beds
10
3/4 Baths
8
Square Ft.
7,962
Lot Size
0.2 Acres
Year Built
1926
MLS Number
26853071
Additional Details
Building
Built in 1926, Living area: 7962.0, 2 buildings, Levels: One
Cooling
None
Disclosures
RentControl
Floors
Carpet, Wood
Heating
ForcedAir
Income
Gross Income: $235,080, Net Operating Income: $167,693
Laundry
LaundryRoom
Lot
0.2048 acres
Parking
3 total parking spaces, DoorMulti, Garage
Taxes
Parcel Number: 5083005017, Zoning: LAR1
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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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