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$1,525,000
Est. payment /mo
6 Beds
5 Baths
4,402 SqFt
UPDATED:
12/09/2024 03:01 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,402 sqft
Price per Sqft $346
MLS Listing ID 24467701
Bedrooms 6
HOA Y/N No
Year Built 1925
Lot Size 6,551 Sqft
Property Description
Historical Mid-City Spanish Revival compound awaits the astute builder or end-user to dream, reimagine and partially revitalize at least three out of 5 of the property's "vacant units" to its original luster or to opt to modify its design. A rare value-add opportunity for the talented "Big Picture" developer. Built in 1925, the main house, 2bed/1bath (4516 28th Ave.) is approximately 1,008 sq. ft. and faces north while each of the charming 4 (1bed/1bath) units offer approx. 848 sq. ft., affording tenants a spacious living area complete with washer/dryer hookups and both front and back doors. There are four garages and a small storage room on the property. Located in a strong rental market area and available for sale for the first time in 60 years, this property (two structures) is being sold "As-Is.," and sits on an approx. 6,552 sq. ft. corner lot. A fabulous neighborhood with proximity to LAX, downtown Los Angeles, Santa Monica, (10 Fwy), Culver City, Beverly Hills, West Adams, and an abundance of diverse culinary options from farmers markets to Whole Foods, Normandie Bakery (Authentic French), posh restaurants, and some of L.A.'s most popular street food vendors.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LARD1.5
Interior
Heating Wall Furnace
Cooling None
Flooring Wood
Fireplace No
Laundry See Remarks
Exterior
Parking Features Private
Pool None
Attached Garage No
Total Parking Spaces 3
Private Pool No
Building
Entry Level Multi/Split
Sewer Other
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5050013001
Financing Cash
Special Listing Condition Standard
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Listed by Scott Butler • Bedrock Real Estate Group