Property listed by Compass, Julie K. Meggat 310-230-5478
$1,249,000
A rare opportunity to complete a breathtaking retreat with a finished, permitted ADU in the heart of one of Los Angeles' most vibrant and walkable neighborhoods. Ideally located just moments from everything on Melrose, La Brea, and Beverly Boulevard, this character-filled residence offers timeless architecture, abundant natural light, and the… Read More chance to create a truly exceptional home without the delays, uncertainty, and expense of starting from scratch. Framed by beautiful oversized windows and rich architectural integrity, the home has already undergone the most challenging and costly stages of renovation. The remaining scope is largely cosmetic offering the opportunity to personalize finishes and design details. Plans and permits have been secured, major systems have been upgraded, and the property's bones have been meticulously restored saving the next owner months of time and significant capital. Why spend a year navigating permits, contractors, and construction when the heavy lifting has already been done? Extensive improvements include new electrical and plumbing systems, replaced windows and doors, refinished hardwood floors, new insulation, recessed lighting, waterproofing, structural and beam repairs, rebuilt walls and closets, a new skylight, water filtration system, EV charger, and newly completed driveway. Custom kitchen cabinetry has already been designed, built, and painted and is included in the sale, along with purchased appliances, front door, approved plans, permits, renderings, and finish selections. Adding tremendous value and flexibility is a fully completed and permitted ADU with its own address ideal as a guest house, rental unit, creative studio, home office, gym, or income-producing asset. Rarely available, the ADU benefits from grandfathered positioning on the lot, creating a unique advantage that would be difficult to replicate today. Additional storage and flex space further enhance the property's versatility. Whether you're an investor seeking a high-upside project or an owner-user dreaming of a bespoke sanctuary, this is an opportunity rarely found in today's market. The permits are approved, the vision is established, and the hard work is complete. All that's left is to bring it across the finish line and enjoy the rewards. Read Less
Listing Snapshot
Days Online
0
Last Updated
Property Type
SingleFamilyResidence
Beds
2
Full Baths
3
Square Ft.
1,369
Lot Size
0.07 Acres
Year Built
1926
MLS Number
26852369
Additional Details
Appliances & Equipment
Dryer, Washer
Building
Built in 1926, Living area: 1369.0, 1 storey, Levels: One
Cooling
CentralAir
Fireplaces
LivingRoom
Floors
Tile, Wood
Heating
Central
Lot
0.0669 acres, Dimensions: 50x58
Parking
1 total parking spaces, Driveway
Pool
None
Property
Other structures: GuestHouse
Taxes
Parcel Number: 5525027028, Zoning: LAR1
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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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