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Additional details
$2,195,000
Est. payment /mo
7 Beds
4 Baths
3,990 SqFt
UPDATED:
02/28/2025 06:36 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,990 sqft
Price per Sqft $550
MLS Listing ID 25478719
Bedrooms 7
HOA Y/N No
Year Built 1924
Lot Size 5,227 Sqft
Property Description
Located just blocks from Beverly Hills, West Hollywood, La Cienega Park, and LACMA, this well-maintained 4-unit property offers the perfect blend of investment potential and owner-user appeal. One of the two-bedroom units is currently vacant, presenting an incredible opportunity for a buyer to move in and enjoy the benefits of homeownership while generating passive income from the other three rented unitsessentially having tenants help cover the mortgage. If you're an investor, you have the flexibility to lease the vacant unit to a tenant of your choice and maximize rental income. For investors seeking additional upside, the rear of the property may offer potential for ADU development, creating an opportunity to increase rental income and enhance the property's overall value.The property features three (3) updated two-bedroom/one-bath units and one (1) one-bedroom/one-bath unit. The remodeled two-bedroom units boast new flooring, modern kitchens, stylish bathrooms, and recessed lighting.Ideally situated between Beverly Hills and Carthay Circle, this vibrant neighborhood is known for its energy, walkability, and access to some of LA's best dining, shopping, and entertainment. Just minutes from the hottest restaurants in West Hollywood and luxury retail in Beverly Hills, this is an excellent first home purchase with built-in rental income or a strong long-term investment opportunity.Don't miss this rare chance to own in a prime location with multiple income-generating possibilities!
Location
State CA
County Los Angeles
Area C19 - Beverly Center-Miracle Mile
Zoning LAR3
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Dishwasher, Disposal, Refrigerator
Exterior
Parking Features Assigned, Covered
View Y/N Yes
View City Lights
Attached Garage No
Total Parking Spaces 4
Building
Lot Description Front Yard
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5088019018
Special Listing Condition Standard
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Listed by Sasha Rahban • Douglas Elliman of California, Inc.
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