Restricted Address

Los Angeles, CA 90019

$1,792,500
Last Sold Price
6
Beds
4
Baths
4,068 Sq. Ft.
$441 / Sq. Ft.
4,068
Sq. Ft.
$441
per Sq. Ft.

Description

Whether you're on the hunt for a home for extended family or a quality investment near the Miracle Mile district and Hancock Park, be sure to check out this incredible duplex! This Spanish-style residence is a true architectural gem set on a 7,331-sq ft lot. Bursting with character, the two units with separate entries, each feature three bedrooms, two baths, and over 2,000 sq ft of inspired interior. Enjoy a steady stream of almost $8,000 income per month or live in one while leasing the other. A...Whether you're on the hunt for a home for extended family or a quality investment near the Miracle Mile district and Hancock Park, be sure to check out this incredible duplex! This Spanish-style residence is a true architectural gem set on a 7,331-sq ft lot. Bursting with character, the two units with separate entries, each feature three bedrooms, two baths, and over 2,000 sq ft of inspired interior. Enjoy a steady stream of almost $8,000 income per month or live in one while leasing the other. A lush, gently sloping lawn and water-friendly landscaping borders the steps leading to this 2-story abode. Inside, both units are flooded with natural light streaming through expansive windows, creating a welcoming atmosphere anyone would love to come home to. Neutral tones lend a modern feel, elevated by gorgeous hardwood flooring and detailed vintage touches reflecting its old-world charm. Graceful archways greet you as you transition between the stunning main gathering areas. Decorative fireplaces are the focal point of each living room while striking picture windows with inlaid stained-glass accents frame delightful street views and serene natural vistas. Serve a sumptuous feast under the warm glow of the dining room's chic chandelier hanging from stylized ceilings. Tiled floors cascade across the gourmet kitchen, where you can work culinary magic with its stainless-steel appliances, including a refrigerator, dishwasher, stove, and garbage disposal. You'll also have plenty of handsome shaker-style cabinetry to store your cooking essentials, and gleaming countertops ensure that meal prep is a breeze. Wake up within the restful proportions of the private retreats, all graced with large closets. As premium perks, each unit comes with a washer and dryer in the laundry room and central air to maintain a comfortable temperature year-round. Additionally, there's a carport, a long driveway, and detached garage parking. Set on a peaceful block and zoned LAR2, the property is being sold as-is and all offers to be made subject to inspection. All offers should include proof of funds, and pre-approval with credit scores. Buyers and Agents are advised to do their own due diligence. Finally, the tremendous upside of this investment cannot be ignored, as market rents in the area are potentially $9,000 per month. Whether you're a seasoned investor looking to expand your portfolio or a first-time buyer seeking a valuable source of revenue in the heart of LA, this is a chance you shouldn't pass up.
  1. Listed by Jerome McAlpin • DRE #00939725 • Brokerage DRE #00939725 • McAlpin & Company

Property Details for Restricted Address

Water Front
None
Zoning
LAR2
Style
Spanish
Parcel Number
5083009010
Total Units
2.0
Living Area
4068
Source Living Area
Vendor Enhanced
Area
Hancock Park-Wilshire

Location

Listing Courtesy of McAlpin & Company, Jerome McAlpin, DRE #00939725

Sold By Douglas Elliman, Timothy White, DRE #01702027

Add your commute
LISTING UPDATED: 09/08/2023 02:57 PM

Property Details for Restricted Address

StatusSold
MLS #23-252971
Days on Market124
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1935
Lot Size0.17 AC / 7,333 SF
CountyLos Angeles County

Location

Listing Courtesy of McAlpin & Company, Jerome McAlpin, DRE #00939725

Sold By Douglas Elliman, Timothy White, DRE #01702027

Add your commute

Building Information for Restricted Address

Stories2Residences-Year Built1935Building Size-Lot Size0.17 AC / 7,333 SF

Payment Calculator

$11,273 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,782

Property Taxes

$1,491

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for Restricted Address

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartment
  • View: Yes
  • View Description: City
  • View: City Lights
  • Direction Faces: East
Contract Info
Contract Info
  • Financing: Cash, Cash To New Loan, Conventional, Exchange Up, Private, New, Owner May Carry
  • Disclosures: As Is, Rent Control, Seller Concessions
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $94,716
  • Net Operating Income: $68,196.00
  • Gross Income: $94,716
  • Cap Rate: 3.73%
  • Gross Rent Multiplier: $19.20
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 26520
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1683
  • Lot Size Square Feet: 7333
Parking Details
Parking Details
  • Parking Garage: Garage
  • Total Parking: 3
  • Covered Parking: 3
  • Garage Spaces Total: 3
  • Parking Features: Garage
Interior Features
Interior Features
  • Levels: Two
  • Fireplace Features: Decorative
  • Fireplace Rooms: Decorative
  • Cooling: Central Air
  • Cooling Type: Air Conditioning, Central
  • Heating: Central
  • Heating Type: Central
  • Flooring: Hardwood, Tile
  • Equipment: Dishwasher, Dryer, Garbage Disposal, Washer, Refrigerator
  • Interior Features: 220V Throughout
  • Room Kitchen Features: Stone Counters
  • Kitchen Features: Galley Kitchen, Stone Counters
  • Room Bathroom Features: Shower in Tub, Tile Counters
  • Bathroom Features: Shower and Tub, Tile
  • Cooking Appliances: Range
  • Laundry: In Unit
  • Volt220 Location: 220V Throughout
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Clay, Tile
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-27-2023
  • Listing Terms: Cash, Cash To New Loan, Conventional, Exchange Up, Standard Sale
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,862.00
  • Unit Actual Rent: $3,862.00
  • Unit Projected Rent: $4,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,031.00
  • Unit Actual Rent: $4,031.00
  • Unit Projected Rent: $4,500.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $453,010.00
  • Assessed Improvement Percent: 32.0
  • Assessed Land Value: $962,648.00
  • Assessed Land Percent: 68
  • Assessed Total Value: $1,415,658.00

Property History for Restricted Address

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for Restricted Address

Taxable ValueLand$981,900Additions$462,070Total$1,443,970
Tax Record2023$17,890 ($1,491 / month)
Home Facts
Total Finished SqFt4,068 SqFtAbove Grade Finished SqFt4,068 SqFtLot Size7,333 SqFtStyleDuplexYear Built1935ZoningLAR2CountyLOS ANGELESAPN5083-009-010

Schools near Restricted Address

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - K to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Wilshire Crest Elementary School
PublicK to 5

Our Community Charter School
CharterK to 8

Los Angeles Senior High School
Public9 to 12

Port Of Los Angeles High School
Charter9 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.

Similar Homes

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Similar Sold Homes

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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 McAlpin & Company, Jerome McAlpin, DRE #00939725

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.