2459 Hidalgo Avenue
2459 Hidalgo Avenue
$1,154,000
6
5
3,968
3,968
$291
Sold 8/11/23
Description
Situated on a quiet cul-de-sac adjacent to single-family residences that have recently sold for $2,000,000, the hillside property offers dramatic views of the famous Silver Lake Reservoir. A new owner can capitalize on both the 53% rent upside on existing rents as well as the potential to complete permits for the already constructed studio ADU. All units include in-unit washer/dryers, while select units also feature wood flooring, decorative tile backsplashes, remodeled bathrooms, new kitchen cabinets,...Situated on a quiet cul-de-sac adjacent to single-family residences that have recently sold for $2,000,000, the hillside property offers dramatic views of the famous Silver Lake Reservoir. A new owner can capitalize on both the 53% rent upside on existing rents as well as the potential to complete permits for the already constructed studio ADU. All units include in-unit washer/dryers, while select units also feature wood flooring, decorative tile backsplashes, remodeled bathrooms, new kitchen cabinets, new ceiling fans, and upgraded lighting. The building also offers garage parking for four vehicles. The foundation was bolted in 2017 and a new sewer line was added in 2018, to help reduce future insurance and maintenance expenses. Located just blocks from the Silver Lake Reservoir, Silver Lake Meadows, and Ivanhoe Reservoir, the property allows tenants convenient access to an array of top-notch outdoor amenities. Whole Foods, Constellation Coffee, Gingergrass, Silver Lake Wine, and Starbucks are all within a few blocks as well. Beyond the Silver Lake border are the neighborhoods of Echo Park, Frogtown, Highland Park, Los Feliz, and Hollywood, each offering a unique blend of shopping and dining destinations. The three-bedroom townhouse unit currently operates as a separate upstairs two-bedroom apartment and a downstairs studio apartment. Income for the three-bedroom townhouse includes the combined total of these two units for the purpose of this underwriting.
- Listed by Roderick 'Rick' Raymundo • DRE #01357019 • Brokerage DRE #01240999 • Marcus & Millichap
Property Details for 2459 Hidalgo Avenue
Zoning
LAR2
Parcel Number5440011025
Total Units4.0
Living Area3968
Source Living AreaVendor Enhanced
AreaSilver Lake (671)
Vacancy Rate0
Lot Size Area5193
Location
LISTING UPDATED: 08/23/2023 11:24 AM
Property Details for 2459 Hidalgo Avenue
Status | Sold |
---|---|
MLS # | 23-251705 |
Days on Market | 95 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1939 |
Lot Size | 0.12 AC / 5,193 SF |
County | Los Angeles County |
Location
Building Information for 2459 Hidalgo Avenue
Stories2Residences-Year Built1939Building Size-Lot Size0.12 AC / 5,193 SF
Payment Calculator
$7,980 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 2459 Hidalgo Avenue
Property History for 2459 Hidalgo Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2459 Hidalgo Avenue
Taxable ValueLand$970,350Additions$647,498Total$1,617,848
Tax Record2023$20,184 ($1,682 / month)
Home Facts
Total Finished SqFt3,968 SqFtAbove Grade Finished SqFt3,968 SqFtLot Size5,193 SqFtStyleMulti-Family Res (5+ Units)Year Built1939ZoningLAR2CountyLOS ANGELESAPN5440-011-025
Schools near 2459 Hidalgo Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Charter - | K to 12 | |||
Public - | 9 to 12 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Allesandro Elementary School PublicK to 6 | ||
Renaissance Arts Academy CharterK to 12 | ||
John Marshall Senior High School Public9 to 12 | ||
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.
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