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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$2,695,000

Est. payment - /mo

12 Beds

8 Baths

7,468 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 7,468 sqft

Price per Sqft $360

MLS Listing ID 25622455

Bedrooms 12

HOA Y/N No

Year Built 1948

Property Description

6u +1 ADU (RT) Miracle Mile. "Beverly Hills quality, LA pricing. "And Plans and Permits for a 3/2 ADU without losing any parking! A lovingly rehabbed 6 units (+1 ADU RTI) between Miracle Mile and Oxford Square. The owner has self-managed and her hands-on approach shows throughout. In addition to updating the facade and landscaping, the Seller extensively and tastefully rehabbed 4 of the 6 units (stone surfaces, new fixtures floors, cabinetry & crown molding). Also she has installed new HVAC units, put in dual-pane windows and installed NEW electrical meters and subpanels - a must in today's turbulent insurance climate. Lastly, the Seller is waaaay down the road with the City - having obtained full approval and permits (RTI) for a large, 1,200 sq. ft. 3 Bed/2 Bath unit above the existing detached garages - 90% of ADU additions, around town, mean you lose parking...not here. All the hassle, expenses and application/approval red tape are already handled. Building this ADU unit out will INCREASE your monthly gross rental income by 25%.The subject property is a "Beauty" that a Buyer can grow with, literally...rehabbing the remaining two units and building out the ADU. Across the street from Queen Anne Park and Recreation Center - a 'go to' for the neighborhood - meeting area, gym, playgrounds, picnic tables, soccer fields, baseball diamond and tennis courts. EXCLUSIVELY LISTED at $2,695,000 Buy-Side Fee paid by Buyer

Location

State CA

County Los Angeles

Area C18 - Hancock Park-Wilshire

Zoning LARD1.5

Interior

Heating Central

Fireplace No

Appliance Dishwasher

Building

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5082010021

Special Listing Condition Standard

Read Less Info

Listed by Brice Head CBRE, Inc.

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1268 Queen Anne PL Los Angeles, CA 90019