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$1,375,000

Est. payment - /mo

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5 Beds

4 Baths

2,480 SqFt

New

Address not disclosed Los Angeles, CA 90025

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Trey McKelvey

[email protected] +1(619) 929-2350

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,480 sqft

Price per Sqft $554

MLS Listing ID 26993585

Bedrooms 5

HOA Y/N No

Year Built 1953

Lot Size 6,155 Sqft

Lot Dimensions Assessor

Property Description

Perhaps the BEST VALUE ADD opportunity on the entire Westside and priced BELOW land value for a speedy sale! First time on the market since 1962, this quadruplex measuring 2,480 square feet (per assessor) on a large 6,157 square foot (44x140' per assessor) RD1.5-zoned lot in Sawtelle Japantown brims with pride-of-ownership and the residences feature desirable details like Oak hardwood floors, thoughtful floorplans with "wedding cake" crown moldings, art deco eat-in kitchens featuring metal trimmed counters and curvaceous plaster walls, individual water heaters, and ample natural light. Consisting of two (2) separate structures not subject to seismic retrofitting (per LADBS), the front building is composed of three (3) 1+1s, while the rear building affords one (1) 2+1 above two (2) double car garages with aluminum doors off the rear alley which could be transformed into income producing ADUs (buyer to verify). Building amenities include a secured entry with controlled access, community courtyard, shared laundry room with coin operated machines generating approximately $150/month, and separate electric and gas meters. Priced at only $554.44/square foot and at $343,750/unit with approximately 75% upside in rents, this unique offering is a wonderful 1031 exchange option for investors or for developers who want a primo North of Olympic locale where market rents for new 1 bedroom units average $3500/month and brand new townhomes sell north of $1.8m. Beautifully positioned between Stoner Park, the Expo rail station at Bundy & Olympic, Sawtelle Japantown's trendy shopping and dining district, Santa Monica, Brentwood, and Westwood. Subject to LAHD rent control, all units will be delivered with tenants in place (no vacancies) and please do not disturb occupants or walk property. Add this true legacy property superbly situated in one of West LA's ultra prime submarkets to your portfolio before it's gone for good!

Location

State CA

County Los Angeles

Area Wla - West Los Angeles

Zoning LARD1.5

Interior

Interior Features Crown Molding

Heating Natural Gas, Wall Furnace

Cooling None

Flooring Wood

Fireplaces Type None

Fireplace No

Appliance Range, Refrigerator

Laundry Common Area, Laundry Room

Exterior

Parking Features Assigned

Garage Spaces 4.0

Garage Description 4.0

Pool None

Roof Type Composition,Shingle

Total Parking Spaces 4

Private Pool No

Building

Lot Description Value In Land

Faces East

Story 2

Entry Level Two

Foundation Raised

Sewer Other

Architectural Style Traditional

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4259013006

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Eric Akutagawa Compass #01432257

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Trey McKelvey

Agent

+1(619) 929-2350

Address not disclosed Los Angeles, CA 90025

Trey McKelvey

Key Details

Location

Interior

Exterior

Building

Others

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