Property listed by CBRE, Inc., Brice Head 310-363-4900
$2,695,000
6u +1 ADU (RT) Miracle Mile. "Beverly Hills quality, LA pricing. "And Plans and Permits for a 3/2 ADU without losing any parking! A lovingly rehabbed 6 units (+1 ADU RTI) between Miracle Mile and Oxford Square. The owner has self-managed and her hands-on approach shows throughout. In addition to… Read More updating the facade and landscaping, the Seller extensively and tastefully rehabbed 4 of the 6 units (stone surfaces, new fixtures floors, cabinetry & crown molding). Also she has installed new HVAC units, put in dual-pane windows and installed NEW electrical meters and subpanels - a must in today's turbulent insurance climate. Lastly, the Seller is waaaay down the road with the City - having obtained full approval and permits (RTI) for a large, 1,200 sq. ft. 3 Bed/2 Bath unit above the existing detached garages - 90% of ADU additions, around town, mean you lose parking...not here. All the hassle, expenses and application/approval red tape are already handled. Building this ADU unit out will INCREASE your monthly gross rental income by 25%.The subject property is a "Beauty" that a Buyer can grow with, literally...rehabbing the remaining two units and building out the ADU. Across the street from Queen Anne Park and Recreation Center - a 'go to' for the neighborhood - meeting area, gym, playgrounds, picnic tables, soccer fields, baseball diamond and tennis courts. EXCLUSIVELY LISTED at $2,695,000 Buy-Side Fee paid by Buyer Read Less
Listing Snapshot
Days Online
10
Last Updated
Beds
12
Square Ft.
7,468
Lot Size
0.22 Acres
Year Built
1948
MLS Number
25622455
Additional Details
Appliances & Equipment
Dishwasher
Building
Built in 1948, Living area: 7468.0, 1 building, Levels: Two
Heating
Central
Income
Gross Income: $197,656, Net Operating Income: $127,773
Lot
0.2218 acres
Taxes
Parcel Number: 5082010021, Zoning: LARD1.5
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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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