Charming 4-unit Craftman-style income property offering timeless architectural character and exceptional investment potential. The property features an attractive unit mix with two 2-bedroom, 1-bathroom units and one 3-bedroom, 3-bathroom unit, and one of the 4 bed 3 bath units. These units are all spacious includes an additional den, often used… Read More by tenants as an additional bedroom, providing added flexibility and enhanced rental value. True to its architectural design, the building showcases classic details such as a wood exterior and graceful architectural accents. The units offer functional layouts filled with natural light, creating comfortable and desirable living spaces. Each unit comes with its own washer and dryer hookups. As a four-unit residential property, this is an ideal opportunity for an owner-user to occupy one unit while generating income from the remaining units, potentially covering most, if not all, of the holding costs. Well-maintained, this property presents a rare blend of character, lifestyle, long-term income, and appreciation. As far as location, this property sits at the ultimate crossroads of Los Angeles, offering a rare "5-minute lifestyle" where the best of Koreatown, Larchmont Village, and Downtown LA are all within a 7 min drive. Whether you're looking for world-class dining in Koreatown, local farmers' markets in Silver Lake, or a night out at iconic music and sports venues in Downtown LA, this central hub places the city's most vibrant cultural and culinary scenes right at your doorstep, making it highly desirable and attractive for tenants. Welcome to these charming Craftsman-style units offering over 6,600 square feet of total living space. The property consists of two separate buildings, and all four units are equipped with separate water meters; tenants pay their own utilities. The owner has proudly maintained ownership of the property for over 20 years and is ready to let them go. Read Less
Property listed by Coldwell Banker Realty, Felipe Aragon 562-658-5633
Listing Snapshot
Days Online
162
Last Updated
Property Type
Quadruplex
Lot Size
0.14 Acres
Year Built
1905
MLS Number
DW26080841
Additional Details
Building
Built in 1905, 2 buildings, 2 stories, Levels: Two, Entry level: 1, Entry location: First Floor
Community
Sidewalks
Expenses
Insurance: $2,000
Home Owner's Association
Association Fee: $0
Income
Gross Income: $107,568, Gross ScheduledIncome: $107,568, Net Operating Income: $107,568
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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