This property offers an exceptional value-added investment opportunity, with an estimated 47% upside potential. Current rental rates are significantly below market value, allowing a new owner to renovate and modernize the units to increase their desirability and rental income. With strategic upgrades, the property can attract high-quality tenants and generate… Read More impressive returns. Adding to its appeal, this is the first time the property has been on the market in over 30 years, making it a rare opportunity to acquire a well-maintained asset with long-term potential. Passed down through generations, it is now ready for a new owner to reposition it for future growth. Located in the prime Beverly Grove neighborhood, the property offers easy access to world-class shopping, dining, and cultural attractions. Additionally, the property includes ample rear parking with the potential to add an accessory dwelling unit (ADU), subject to buyer verification. This feature enhances the investment appeal by offering an opportunity for additional rental income. Read Less
Courtesy of Marcus & Millichap 818-212-2700
Listing Snapshot
Days Online
1
Last Updated
Property Type
Other
Beds
12
Square Ft.
4,200
Lot Size
0.14 Acres
Year Built
1948
MLS Number
25495359
30 Days Snapshot Of 90048
$2,620k
-34%
(avg) sold price
15
+66%
homes sold
105
+34%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
None
Building
4,200 sq ft, Built in 1948, Levels: Two
Cooling
Window Unit(s)
Disclosures
None
Exterior Features
Stucco, None
Foundation
Raised
Garage
1 total garage spaces, Garage Is Detached, Electric Vehicle Charging Station(s), Covered Parking
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