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$ 1,400,000
Est. payment | /mo
11 Beds
8 Baths
6,127 Sqft Lot
$ 1,400,000
Est. payment | /mo
11 Beds
8 Baths
6,127 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW26223747
Bedrooms 11
Lot Size 6,127 Sqft
Property Sub-Type Res Income 2-4 Units
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
Location
State CA
County Los Angeles
Zoning Assessor
Direction from Olympic make left to Westlake and you will see the property on the corner on Place.
Interior
Fireplace No
Exterior
Utilities Available Sewer Connected
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5136020001
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Listed by Felipe Aragon, DRE#01224631 Coldwell Banker Realty
Nearby Locations
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