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$ 1,595,000
Est. payment | /mo
4 Beds
4 Baths
3,124 SqFt
$ 1,595,000
Est. payment | /mo
4 Beds
4 Baths
3,124 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,124 sqft
Price per Sqft $510
MLS Listing ID 26666075
Bedrooms 4
HOA Y/N No
Year Built 1926
Lot Size 3,123 Sqft
Property Description
Exceptional investment opportunity featuring a beautifully maintained and renovated 1926 Mediterranean fourplex in the highly desirable Windsor Square/Hancock Park area. The property offers four renovated 1-bedroom, 1-bath residences, just a short walk north on Windsor Boulevard to the Paramount Pictures studio gate at Melrose.Each bright, well-designed unit features central heat and air, in-unit laundry, hardwood floors, stainless steel appliances, and highly desirable layouts that lease quickly.Offered at $1,595,000 ($510 per square foot) across 3,125 square feet, with $113,808 in annual scheduled gross income (approximately a 14.0 GRM). Originally built in 1926 and thoughtfully renovated in 2005, the property blends timeless Mediterranean architecture with updated systems, minimizing deferred maintenance for the next owner.The location is a major draw. Larchmont Village is just a half-mile away, offering neighborhood favorites including Go Get Em Tiger, Groundwork Coffee, Chevalier's Books, Village Pizzeria, and the popular Sunday Farmers Market. The property is also conveniently located near Third Street Elementary, Larchmont Charter School, Wilshire Country Club, and provides easy access to Hollywood, Koreatown, and Mid-Wilshire.A rare opportunity to acquire a turnkey, income-producing fourplex in one of Los Angeles' most established and sought-after neighborhoods, offering strong current cash flow, consistent tenant demand, and long-term rental upside.
Location
State CA
County Los Angeles
Area C18 - Hancock Park-Wilshire
Zoning LAR3
Interior
Heating Central
Fireplace No
Appliance Microwave, Refrigerator, Dryer, Washer
Laundry Stacked
Exterior
Parking Features Door-Multi, Driveway, Garage
Total Parking Spaces 2
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5523024018
Special Listing Condition Standard
Listed by Alexis Valentin Ramos Sotheby's International Realty #01272006