Property listed by City Living Realty, David Raposa 213-747-1337
$1,275,000
Character charm with systems upgrades! This historic Victorian/Transitional four-unit apartment is on a sought-after and convenient block near USC and popular restaurants, offering potential upside for a variety of purchasers. Great location! Walk or bike to the USC campus, Mount St. Mary's Doheny campus and University Village (Trader… Read More Joe's, Target, Sweetgreen restaurant); close to Downtown DASH and Metro Expo B Line Flower/23rd Street station; also located within the USC Security and Transportation zones. Built as a single family home in 1899, the residence was converted in 1913 by a family into four units one for the parents, and units for each son. The result is uniquely creative apartments, each with period details and vintage appeal. Units feature hardwood floors plus linoleum in kitchens, baths and porches; wood moldings and built-ins; claw foot tubs; and original (now decorative) brick fireplaces. The current owners restored the interiors, painted the exterior, replaced rear exterior stairs, revamped the flooring, and upgraded the electrical, plumbing (adding tankless water heaters), and central heat; reroofing was completed in 2012 (all improvements with permits). Tenants pay own gas and electric; coin-operated washer/dryer on premises. In addition, property has off-street parking in rear yard (room for four vehicles) plus there is a four-car garage presently utilized for storage but potentially it could be renovated for creative uses or converted into an ADU. All units are now occupied, but considering the unique charm and favorable location of the property, a buyer /first time investor may wish to plan for future owner-occupancy of one unit while collecting rent from the other three. This pride-of-ownership property is a Contributor to University Park HPOZ, listed individually in the California Register and also a Contributor to the St. James Park National Register Historic District. Read Less
Listing Snapshot
Days Online
8
Last Updated
Beds
4
Square Ft.
3,104
Lot Size
0.14 Acres
Year Built
1899
MLS Number
25610947
Additional Details
Appliances & Equipment
Range, Refrigerator
Building
Built in 1899, Living area: 3104.0, 1 building, Building faces South, 2 stories, Levels: Two, Entry location: Ground Level w/steps, Construction Materials: WoodSiding
Cooling
None
Disclosures
Historical
Floors
Wood
Heating
ForcedAir
Income
Gross Income: $76,109, Net Operating Income: $63,000
Laundry
CommonArea
Lot
0.1392 acres
Parking
4 open parking spaces, 4 total parking spaces, Uncovered
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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