$1395000 Price Analysis   ♡   Los Angeles, CA 90027 4 bed 2 bath 1560 SqFt ($894/SqFt) 6753SqFt lot. Built 1915 Listed 2024-07-23, Taxes $5238 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Nestled in the heart of Los Feliz
This charming multi-family property offers a unique opportunity for savvy investors seeking rental income in one of Los Angeles' most desirable neighborhoods. The property features two detached Craftsman bungalows, each brimming with character and updated to meet modern stndards. With a total of four bedrooms and two bathrooms spread across 1, 560 square feet, these fully occupied units are currently home to wonderful tenants that are paying attractive rental rates. The property's incredible location, east of Hillhurst Avenue, places residents close to local attractions such as the iconic Vista Theater, Home Restauran t and The Guest House.
Each unit boasts its own laundry facilities, adding convenience for tenants and potentially increasing rental value. The gated property provides driveway parking for each unit, a coveted amenity in this bustling urban area. For those with an eye on future development, a detached converted garage comes with preliminary plans for an Accessory Dwelling Unit (ADU), offering potential for additional rental income. The property's Craftsman aesthetic lends a timeless appeal, while recent updates ensure modern comfort. With its prime location and strong rental potential, this multi-family gem presents an excellent opportunity for investors looking to expand their portfolio in one of LA's most vibrant communities. This property isn't an investment; it's a slice of Los Feliz life, served up with a side of potential and a dash of charm.
Presented by Corey Nelson at
Robust Real Estate.
Property MLS #24-414237 from TheMLSCLAW
Full Bathrooms: 2
Range
Laundry Facilities: In Unit
Laundry Features: In Unit
Heating Features: Floor Furnace
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6753
Parking Total: 4
Calculated Total Monthly Association Fees: 0
Number of Units: 2
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 4000, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 3500
County: Los Angeles
Cap Rate: 4.15
Directions: Between Hillhurst and Commonwealth
Source Property Type: Residential Income
Area: Los Feliz
Source Neighborhood: Los Feliz
Owner Pays: Water, Gardener
Parcel Number: 5542-004-018
Postal Code Plus 4: 5553
Zoning: LAR2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $108540 + $314267 $422807 | $5238 |
| 2021 | $106412 + $308105 $414517 | $5169 |
| 2020 | $105321 + $304946 $410267 | $5218 |
| 2019 | $103256 + $298967 $402223 | $5018 |
| 2018 | $101232 + $293105 $394337 | $4905 |
| 2017 | $99248 + $287358 $386606 | $4798 |
| 2016 | $97302 + $281724 $379026 | $4679 |
| 2015 | $95841 + $277493 $373334 | $4612 |
| 2014 | $93964 + $272058 $366022 | $4639 |
| 2013 | $93540 + $270829 $364369 | $4639 |
| 2012 | $91706 + $265519 $357225 | $4701 |
| 2010 | $89908 + $260313 $350221 | $4602 |
| 2009 | $89449 + $258982 $348431 | $4436 |
| 2009 | $89237 + $258368 $347605 | $4436 |
| 2008 | $62413 + $159717 $222130 | $2827 |
| 2007 | $61190 + $156586 $217776 | $2730 |
$1395000
TheMLSCLAW
Listing removed 2023-06-30
$0
TheMLSCLAW
Listed 2023-06-15
$1450000
TheMLSCLAW
Listing removed 2022-06-14
$0
TheMLSCLAW
Listed 2022-04-28
$1395000
TheMLSCLAW
Listing removed 2015-08-03
$2600
TheMLSCLAW
Listed for rent 2015-07-24
$2600
TheMLSCLAW
Listing removed 2013-10-31
$2550
TheMLSCLAW
Listed for rent 2013-10-07
$2550
TheMLSCLAW
Listing removed 2001-09-21
$434000
ITECH
Listing removed 2001-09-21
$434000
ITECH
Listing removed 2001-09-20
$434000
ITECH
Listed 2001-06-04
$434000
ITECH
Listed 2001-06-04
$434000
ITECH
Listed 2001-03-20
$434000
ITECH
Listing removed 1998-09-04
$210000
ITECH
Listed 1998-03-03
$210000
ITECH
Year Built: 1915
Direction Faces: North
Levels: One Level
Living Area Source: Vendor Enhanced
Property Age: 109
House Style: Craftsman
Year Built Source: Vendor Enhanced
Architectural Style: Craftsman
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.