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Diego Magdaleno

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

$1,599,000

Est. payment - /mo

7 Beds

5 Baths

3,138 SqFt

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Key Details

Property Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 3,138 sqft

Price per Sqft $509

MLS Listing ID 25492589

Bedrooms 7

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1935

Lot Size 3,985 Sqft

Property Description

This renovated and remodeled duplex has been transformed into five stylish, custom-designed units, including a newly built detached ADU (one bedroom, one bath), adding even more value to this incredible property. Fully occupied, this income-producing property offers outstanding potential for investors, with the possibility of delivering one unit vacant at COE. The seller is willing to carry up to $1MM for 3 years at 5.5%. Each unit, including the ADU, boasts a spacious, single-level floor plan with soaring ceilings and abundant natural light, creating a bright and welcoming atmosphere. The chef-inspired kitchens are outfitted with stainless steel appliances, farmhouse sinks, stone countertops, and custom cabinetry, perfect for both cooking and entertaining. The generously sized bedrooms offer high ceilings, while the designer bathrooms feature double vanities and sleek finishes. Additional highlights include wide-plank laminate flooring, recessed lighting throughout, newer central A/C and heat (controlled by NEST), and energy-efficient features like tankless water heaters and LED lighting. Smart technology is integrated with keyless entry, all controlled via an app. The freshly painted exterior complements the building's updated aesthetics, ample street parking, and a common laundry room provide added convenience. Enjoy outdoor space with a BBQ area for residents to relax and entertain. With a prime location, chic renovated units, and the addition of a detached ADU, this property offers incredible potential. Don't miss out on this exceptional investment opportunity with the possibility of one unit being delivered vacant if you want! This is a rare find and a must see!

Location

State CA

County Los Angeles

Area C18 - Hancock Park-Wilshire

Zoning LAR2

Interior

Interior Features Balcony

Heating Central

Cooling Central Air

Flooring Laminate, Tile

Fireplaces Type None

Fireplace No

Appliance Built-In, Dishwasher, Disposal, Gas Oven, Microwave, Refrigerator, Dryer, Washer

Laundry Common Area, Laundry Room

Exterior

Parking Features Driveway

Pool None

View Y/N Yes

View City Lights

Porch Front Porch, Open, Patio, Porch

Attached Garage No

Total Parking Spaces 2

Private Pool No

Building

Faces South

Story 2

Entry Level One,Two

Sewer Other

Level or Stories One, Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5084009026

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Special Listing Condition Standard

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Listed by Victoria Cruz • Equity Union

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5073 5075 Edgewood PL Los Angeles, CA 90019