$ 1,999,000
-
$1,999,000
Price -
6
Bed -
4
Bath -
4,007
SqFt
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About the Listing OC05439 - SREFADOR
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 amazing location in LA, the home is just minutes away from the Beverly Center, The Grove, The Farmers Market, Miracle Mile's museums, Culver City's cultural center, the nightlife of West Hollywood and much more..
Listing Highlights
Status
Active
Days on Site
7
Property Type
Multi-Family
MLS ®
OC26115107
Year Built
1932
Total Square Footage
4,007
Lot/Acreage
0.13
County
Los Angeles
Interior Details
- Bedrooms: 6
- Bathrooms: 4 Full
- Appliances: Dryer, Washer
- Air Cond: Central Air,Dual
- Heating: Central
- Fireplaces: Living Room
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Balcony,Multiple Staircases,Primary Suite,Utility Room
- Water: Public
Exterior Details
- Lot Description: 6-10 Units/Acre,No Land Lease
- Garage Capacity: 4 car
- Parking Spaces: 4
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
- Parking Features: Garage Faces Rear
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5087018029
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
1026 S Crescent Heights Los Angeles, CA 90035
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