Property listed by Sotheby's International Realty, Nick Mercado 323-665-1700
$1,599,000
1935 Character Home + Detached 2022 ADU. The Best of Miracle Mile Living. Discover the perfect blend of timeless character, modern convenience, and built-in income in one of Los Angeles' most sought-after neighborhoods. Originally built in 1935, this beautifully maintained Miracle Mile property offers a rare opportunity to enjoy a… Read More classic character home while benefiting from a fully independent, income-producing ADU tucked discreetly at the rear of the property. The inviting front residence features 3 bedrooms and 2 bathrooms, where vintage charm meets today's lifestyle. Rich hardwood floors, central heating and air conditioning, and a welcoming living room with a fireplace create a warm and comfortable atmosphere. A separate dining room opens to the private backyard, seamlessly connecting indoor and outdoor living spaces. The spacious kitchen features a cheerful breakfast nook and an adjacent laundry area. Designed for both entertaining and everyday enjoyment, the fully gated grounds offer exceptional privacy, a long driveway with generous tandem parking, a grassy backyard, an expansive wood deck for outdoor dining and gatherings, and an additional fenced side patio perfect for gardening, relaxing, or additional storage. Built in 2022, the detached ADU is far more than a guest house. Complete with its own address, separate gas and electric meters, private alley entrance, gated parking, outdoor patio, and dedicated laundry area, it lives as a completely independent residence. The approximately 558-square-foot 1-bedroom, 1-bathroom home is occupied by outstanding long-term tenants who have consistently paid $3,000 per month since January 2024, generating immediate and reliable income that can significantly offset your monthly ownership costs. Whether you're looking to live in the front home while generating passive income, accommodate extended family with complete privacy, or add a valuable asset to your real estate portfolio, this exceptional property offers flexibility that is increasingly difficult to find in today's market. Located in the heart of Miracle Mile, you'll enjoy easy access to neighborhood cafes, acclaimed restaurants, boutique shopping, local markets, LACMA, the Academy Museum, The Grove, Beverly Center, and the future Wilshire Metro station, placing some of Los Angeles' finest dining, culture, and entertainment just minutes from your doorstep. Read Less
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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