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Diego Magdaleno

1Vision Real Estate

diego@1visionproperties.com +1(714) 376-8652

$1,700,000

Est. payment - /mo

4 Beds

2 Baths

2,880 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 2,880 sqft

Price per Sqft $590

MLS Listing ID 24385595

Bedrooms 4

HOA Y/N No

Year Built 1936

Lot Size 6,520 Sqft

Property Description

Welcome to 1236 Hi Point, a great investment/development opportunity, located in the Carthay Square Historic District. This 2 unit property with 2 bed, 1 bath each, comes with stamped plans for an ADU (Accessory Dwelling Unit) behind the main building. This offers an excellent opportunity for additional income or flexible living arrangements and presents many possibilities for the savvy investor. Whether you're looking to live in one unit and rent out the other, or plan a renovation project there is great potential. The property is situated in the vibrant Beverly Center-Miracle Mile area, a stone's throw from Beverly Hills. The location offers convenience and modern living, with superb dining, shopping, and entertainment hot spots nearby, including The Beverly Center and The Grove. The property is also near top schools, lush parks like La Cienega, and premier medical facilities including Kaiser West LA. Current rents are below market rate and both units are on month to month lease. The 2 garages that can be reached by the alleyway are the location for the approved ADU. Photos are of the upper unit.

Location

State CA

County Los Angeles

Area C19 - Beverly Center-Miracle Mile

Zoning LAR2

Interior

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Cooling None

Flooring Wood

Fireplace No

Appliance Refrigerator, Dryer, Washer

Laundry None

Exterior

Parking Features Covered

Pool None

Total Parking Spaces 4

Private Pool No

Building

Story 2

Entry Level Two

Sewer Sewer Tap Paid

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5087027018

Special Listing Condition Standard

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Listed by Samantha Binah • Coldwell Banker Realty

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1236 Hi Point ST Los Angeles, CA 90035