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Tera Rench

terarenchre@gmail.com +1(262) 370-7299

$1,400,000

Est. payment - /mo

6,128 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID DW26223747

HOA Y/N No

Year Built 1905

Lot Size 6,128 Sqft

Property Sub-Type Quadruplex

Property Description

**POTENTIAL PROPERTY TAX SAVINGS — MILLS ACT PROGRAM** ZONED HPOZ
This historic property may qualify for the City of Los Angeles Mills Act Historical Property Contract Program, which can provide eligible property owners with potential annual property tax savings of approximately 40% to 60%. The program is designed to encourage the preservation, rehabilitation, and maintenance of historic properties. Eligibility and actual tax savings are subject to City approval, property qualifications, and applicable program requirements. Charming 4-unit Craftsman-style income property offering timeless architectural character and exceptional investment potential. The property features an attractive unit mix with two 2-bedroom, 1-bathroom units and one 3-bedroom, 3-bathroom unit, and one 4-bedroom, 3-bathroom unit. These units are all spacious and include an additional den, often used by tenants as an additional bedroom, providing added flexibility and enhanced rental value. True to its architectural design, the building showcases classic details such as a wood exterior and graceful architectural accents. The units offer functional layouts filled with natural light, creating comfortable and desirable living spaces. Each unit comes with its own washer and dryer hookups. As a four-unit residential property, this is an ideal opportunity for an owner-user to occupy one unit while generating income from the remaining units, potentially covering most, if not all, of the holding costs. Well-maintained, this property presents a rare blend of character, lifestyle, long-term income, and appreciation. As far as location, this property sits at the ultimate crossroads of Los Angeles, offering a rare "5-minute lifestyle" where the best of Koreatown, Larchmont Village, and Downtown LA are all within a 7 min drive. Whether you're looking for world-class dining in Koreatown, local farmers' markets in Silver Lake, or a night out at iconic music and sports venues in Downtown LA, this central hub places the city's most vibrant cultural and culinary scenes right at your doorstep, making it highly desirable and attractive for tenants. Welcome to these charming Craftsman-style units offering over 6,600 square feet of total living space. The property consists of two separate buildings, and all four units are equipped with 4-separate water meters; tenants pay their own utilities, including water. Submit, Submit, Submit.

Location

State CA

County Los Angeles

Area 699 - Not Defined

Interior

Fireplaces Type Bonus Room, Den, None

Fireplace No

Laundry None

Exterior

Pool None

Community Features Street Lights

Private Pool No

Building

Lot Description Corner Lot, Front Yard

Story 2

Entry Level Two

Sewer Public Sewer, Sewer Tap Paid

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5136020001

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

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Listed by Felipe Aragon Coldwell Banker Realty 562-658-5633, DRE #01224631

NEARBY SCHOOL & BUSINESS

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1867 W 11th Los Angeles, CA 90006