2342 Cove Avenue

2342 Cove Avenue

Los Angeles, CA 90039

$2,480,000
Price
4
Beds
4
Baths
2,169 Sq. Ft.
$1,143 / Sq. Ft.
2,169
Sq. Ft.
$1,143
per Sq. Ft.

Listed By Compass

Open: 5/5 02:00PM - 04:00PM

Listed By Compass

Open: 5/5 02:00PM - 04:00PM

a view of a house with a yard
a close up of a sign
a view of a porch with furniture and wooden floor
a living room with furniture and a floor to ceiling window
a bedroom with furniture and a chandelier
a view of a room with a table and chairs
a kitchen with stainless steel appliances granite countertop a refrigerator and a stove
a view of a dining room with furniture and wooden floor
a living room with furniture and a floor to ceiling window
a balcony with furniture and a potted plant
a bathroom with a sink and a mirror
a living room with furniture and a window
a living room with furniture and a floor to ceiling window
a living room with furniture and a potted plant
a bedroom with a bed and a window
a bedroom with bed and a large window
a bathroom with a sink a toilet and mirror
a view of wooden door
a view of an empty room
a view of a backyard with sitting area
a view of outdoor space and yard
a view of a balcony with mountain view and wooden floor
a view of a house with a yard
a living room with patio furniture and a floor to ceiling window
a living room with furniture a floor to ceiling window and floor
a view of a patio with table and chairs potted plants with wooden floor and fence
a view of a lake with a mountain in the background
a view of a pathway of a house
a living room with furniture and floor to ceiling window
a outdoor space with chairs
a kitchen with stainless steel appliances granite countertop a sink and a refrigerator
a view of kitchen with stainless steel appliances granite countertop cabinets and a table
a view of a workspace with furniture and a window
a room with furniture and a window
a bathroom with a sink and a window
a living room with furniture and a flat screen tv
a bedroom with a bed and a flat screen tv
a view of a room with wooden floor and windows
a bathroom with a sink and a bathtub
a bathroom with a sink and a mirror
a view of a backyard of a house
a view of outdoor space with seating area
a view of a wooden bridge
a vase of flowers sitting on a table
a living room with furniture and a floor to ceiling window
a living room with furniture and a floor to ceiling window
a view of a dining room with furniture

Description

Presenting Historic Cultural Monument 868 - The O'Neill Duplex No. 1 by Rodney Walker in Silver Lake. Rodney Walker contributed Residences #16-18 in the Case Study House Program after studying under RM Schindler. Having shunned formal AIA licensing throughout his career, he considering himself a builder and craftsperson, taking an active, physical role in the building and construction of his homes. This single level, side-by-side duplex originally built for Virginia O'Neill in 1953 is enveloped in...Presenting Historic Cultural Monument 868 - The O'Neill Duplex No. 1 by Rodney Walker in Silver Lake. Rodney Walker contributed Residences #16-18 in the Case Study House Program after studying under RM Schindler. Having shunned formal AIA licensing throughout his career, he considering himself a builder and craftsperson, taking an active, physical role in the building and construction of his homes. This single level, side-by-side duplex originally built for Virginia O'Neill in 1953 is enveloped in a serene natural setting, oriented with views from every room toward the sparkling Silver Lake Reservoir, Hollywood sign, and the Griffith Observatory. Each unit offers a flexible floorplan of 2 bedrooms and 2 bathrooms, with expansive floor-to-ceiling walls of glass opening to private yard spaces that seamlessly blends indoor/outdoor living. The property is uniquely intact with low pitched gabled rooflines and exposed beams, wood paneling, louvered windows, built-in cabinetry and combed plywood exterior siding. Both units have undergone sensitive restoration work to retain its original integrity in design and materials. Sited up a private driveway, with 4 parking spaces, EV charging station and fully gated, secure entry for residents. Photographed by Julius Shulman in 1954, Duplex No. 1 and Duplex No. 2, both built for the original owner, are sited across two adjacent graded lots, the latter of which has since been sold and converted into a single family home. Owners currently enjoy significant yearly tax savings with enrollment in the Mills Act Tax Credit Program. An exclusive offering set amidst a hillside replete with some of the most rare mid century architecture in the world - the cause celebre of Silver Lake.

Listing Agents

  1. Joe Reichling

    Joe Reichling

    Listing Agent

    Compass

    DRE #01427385

    CallTextEmail
  2. Courtney Pickard

    Courtney Pickard

    Alternative Listing Agent

    Compass

    DRE #01948903

    CallTextEmail

Property Details for 2342 Cove Avenue

Zoning
LAR1
Parcel Number
5422005034
Total Units
2.0
Living Area
2169
Source Living Area
Assessor
Area
Silver Lake (671)
Vacancy Rate
50
Lot Size Area
7484

Open Houses

Sunday, May 5th

2:00 PM - 4:00 PM

PublicView Details

Location

Listing Courtesy of Compass, Joe Reichling, DRE #01427385; Compass, Courtney Pickard, DRE #01948903
Add your commute
LISTING UPDATED: 05/03/2024 12:01 AM

Property Details for 2342 Cove Avenue

StatusActive
MLS #24-383861
Days on Market10
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1953
Lot Size0.17 AC / 7,484 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Joe Reichling, DRE #01427385; Compass, Courtney Pickard, DRE #01948903
Add your commute

Building Information for 2342 Cove Avenue

Stories1Residences-Year Built1953Building Size-Lot Size0.17 AC / 7,484 SF

Payment Calculator

$14,013 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,534

Property Taxes

$479

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2342 Cove Avenue

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: Duplex
Contract Info
Contract Info
  • Disclosures: Rent Control, Property Report
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $135,120
  • Net Operating Income: $124,216.00
  • Gross Income: $135,120
  • Cap Rate: 4.93%
  • Gross Rent Multiplier: $18.35
  • Total Annual Expense: 12939
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1718
  • Lot Size Square Feet: 7484
Parking Details
Parking Details
  • Parking Garage: Assigned, Driveway
  • Total Parking: 4
  • Parking Features: Assigned, Driveway
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Wall Unit(s)
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Shed(s)
Lease Terms
Lease Terms
  • Entry Date: 04-25-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $5,460.00
  • Unit Actual Rent: $5,460.00
  • Unit Projected Rent: $7,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $5,800.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $151,000.00
  • Assessed Improvement Percent: 33.33
  • Assessed Land Value: $302,000.00
  • Assessed Land Percent: 66.67
  • Assessed Total Value: $453,000.00

Property History for 2342 Cove Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2342 Cove Avenue

Taxable ValueLand$302,000Additions$151,000Total$453,000
Tax Record2023$5,752 ($479 / month)
Home Facts
Total Finished SqFt2,169 SqFtAbove Grade Finished SqFt2,169 SqFtLot Size7,482 SqFtStyleDuplexYear Built1953ZoningLAR1CountyLOS ANGELESAPN5422-005-034

Schools near 2342 Cove Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Clifford Street Elementary School
Public - K to 5
Thomas Starr King Middle School
Public - 6 to 8
John Marshall Senior High School
Public - 9 to 12
Gabriella Charter School
Charter - K to 8
Rating
School
Distance
Clifford Street Elementary School
PublicK to 5

Thomas Starr King Middle School
Public6 to 8

John Marshall Senior High School
Public9 to 12

Gabriella Charter School
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

Homes for Sale near Silver Lake

Neighborhoods

Cities

ZIPs

More information about 2342 Cove Avenue, Los Angeles, CA 90039

2342 Cove Avenue is a multi-family home for sale in Los Angeles, CA 90039. This property was listed for sale on April 25, 2024 by Compass, it's currently listed at $2,480,000. It has been on the market for a total of 10 days and was last sold on September 15, 2005. This listing's school district is Los Angeles Unified School District. Nearby schools include Clifford Street Elementary School, Thomas Starr King Middle School and John Marshall Senior High School. 2342 Cove Avenue is a 4-bed, 4-bath, 2,169 sqft multi-family home built in 1953.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Joe Reichling, DRE #01427385; Compass, Courtney Pickard, DRE #01948903

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.