66
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$1,999,000
Est. payment /mo
6 Beds
4 Baths
5,491 Sqft Lot
Open Sun 1PM-4PM
1026 S Crescent Heights Los Angeles, CA 90035
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Open House
Sun May 31, 1:00pm - 4:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26115107
Bedrooms 6
Lot Size 5,491 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Welcome home to the Highly sought-after Carthay Square. This charming and specious Duplex offers a unique blend of a beautiful Spanish-Style 1930s Classic Home to live in, together with a great, positively cash flowing real estate investment. This Beverly Hills Adjacent area is likely to enjoy an everlasting value. Each unit boasts over 2,000SF of a large home full of light, with 3 bedrooms 2 baths and an office. Each unit has a formal living room with an impressive fireplace, oversized window that looks over the tree-lined street and a formal dining room with high ceiling and a beautiful chandelier. Each unit has a utility / laundry room that leads to the back door. The property is well maintained by the current owner and shows pride of ownership. The backyard has a private swimming pool. The property comes with two separate 2-car garages, one for each unit. A Savi investor or homeowner may consider the potential of converting the garage into two additional ADUs or building 2 ADUs above the garage for additional income. At the current configuration the duplex has a 5.3% CAP rate, but with the proposed ADUs it can get up to the 7+. The downstairs unit is currently rented at $5,300 per month but the upstairs unit will be delivered vacant for the buyer to either occupy or rent for a similar or a higher rent. A financing scenario that was obtained from a major bank shows the total monthly out of pocket payment for an owner occupied to be $4,628 including Tax and Insurance, with a 20% downpayment (subject to qualification). This is a unique opportunity to have it all in an ama
Location
State CA
County Los Angeles
Zoning Assessor
Direction Crescent Heights between Pico and Olympic
Interior
Cooling Central Forced Air
Fireplace No
Exterior
Pool Private
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5087018029
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://my.matterport.com/show/?m=eqMSX6yLLb5
Listed by Doron Refael, DRE#01816415 Doron Refael, Broker
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