Property listed by Coldwell Banker Realty, Samantha Binah 310-457-6550
$1,700,000
Welcome to 1236 Hi Point, a great investment/development opportunity, located in the Carthay Square Historic District. This 2 unit property with 2 bed, 1 bath each, comes with stamped plans for an ADU (Accessory Dwelling Unit) behind the main building. This offers an excellent opportunity for additional income or flexible… Read More living arrangements and presents many possibilities for the savvy investor. Whether you're looking to live in one unit and rent out the other, or plan a renovation project there is great potential. The property is situated in the vibrant Beverly Center-Miracle Mile area, a stone's throw from Beverly Hills. The location offers convenience and modern living, with superb dining, shopping, and entertainment hot spots nearby, including The Beverly Center and The Grove. The property is also near top schools, lush parks like La Cienega, and premier medical facilities including Kaiser West LA. Current rents are below market rate and both units are on month to month lease. The 2 garages that can be reached by the alleyway are the location for the approved ADU. Photos are of the upper unit. Read Less
Listing Snapshot
Days Online
384
Last Updated
Property Type
Other
Beds
4
Square Ft.
2,880
Lot Size
0.15 Acres
Year Built
1936
MLS Number
24385595
30 Days Snapshot Of 90035
$2.47M
+53%
(avg) sold price
12
+50%
homes sold
48
-60%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Refrigerator, Dryer, Washer
Building
Built in 1936, Building area total: 2,880, Levels: Two, Living area: 2880, 2 stories, 1 building, Common walls: NoCommonWalls
Cooling
None
Expenses
Gardener expense: $780, Insurance expense: $2,369, Maintenance expense: $125, New taxes expense: $18,448, Water sewer expense: $2,189
Floors
Wood
Heating
WallFurnace
Income
Gross income: $33,948, Net operating income: $10,037
Interior Features
CeilingFans
Laundry
None
Lot
0.1497 acres, 6,522 square feet, Size: 6,522
Parking
2 open parking spaces, 4 totals parking, Covered
Pool
None
Property
Zoning: LAR2
Sewer
SewerTapPaid
Spa
None
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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