Listing Agent: Austin Kim      Broker/Office: Solomon Realty
1032 4th Avenue Los Angeles CA 90019
$ 1,500,000
  3   |    1   |    1559 Sq Feet

Listing ID

#26991239

Status

Active

Property Type

Single Family Residence

Property Style

Craftsman

County

Los Angeles

Year Built

1921

Days on website

12

Description
Nestled in a quiet and desirable neighborhood, this unique property offers flexible living arrangements and excellent income potential. Thoughtfully remodeled approximately four years ago, the main residence was configured into two separate living areas, with a front 1-bedroom, 1-bath unit currently rented for $1,900/month and a rear 2-bedroom, 2-bath owner-occupied unit. An additional converted garage offers a 1-bedroom, 1-bath space currently rented for $1,700/month, generating approximately $3,600/month in total rental income.The partition separating the main residence can be removed to restore a more open configuration, subject to buyer verification. Public records reflect a 3-bedroom, 1-bathroom Single Family Residence. The property is currently configured and used as 4 bedrooms and 4 bathrooms, with certain improvements and configurations being unpermitted. Buyer to independently verify all permits, bedroom/bathroom count, square footage, zoning, use, and legality of existing improvements with the appropriate governmental agencies. Property can be delivered vacant at Close of Escrow. Conveniently located near restaurants, hospitals, markets, and other everyday amenities. Features include a tankless water heater and a versatile layout offering multiple possibilities for an owner-user or investor. Property is located within a Historic Preservation Overlay Zone (HPOZ); buyer to independently verify all applicable restrictions, requirements, and guidelines with the City/County.
Location
Financial Information
List Price:  $ 1500000
Property Features
Appliances:  Dishwasher, Disposal
Flooring:  Wood
Furnished:  Unfurnished
Heating:  Central
Laundry Features:  Inside
Levels:  One
Parking Features:  Driveway
Senior Community YN:  false
Senior Community YN:  false
MLS Area Major:  C18 - Hancock Park-Wilshire
City:  Los Angeles
Listed By:   Austin Kim   Solomon Realty 
CA Lic#