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Heather Cutro

heathercutro@thomasjacksongroup.com +1(909) 605-3477

$ 1,999,000

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1026 S Crescent Heights Los Angeles, CA 90035

6 Beds

4 Baths

4,007 SqFt

Open House

Sun May 31, 1:00pm - 4:00pm

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,007 sqft

Price per Sqft $498

MLS Listing ID OC26114963

Bedrooms 6

Full Baths 4

HOA Y/N No

Year Built 1932

Lot Size 5,492 Sqft

Property Sub-Type Duplex

Property Description

Welcome home to the Highly sought-after Carthay Square. This charming and specious Duplex offers a unique blend of a beautiful Spanish-Style 1930s Classic Home to live in, together with a great, positively cash flowing real estate investment. This Beverly Hills Adjacent area is likely to enjoy an everlasting value. Each unit boasts over 2,000SF of a large home full of light, with 3 bedrooms – 2 baths and an office. Each unit has a formal living room with an impressive fireplace, oversized window that looks over the tree-lined street and a formal dining room with high ceiling and a beautiful chandelier. Each unit has a utility / laundry room that leads to the back door. The property is well maintained by the current owner and shows pride of ownership. The backyard has a private swimming pool. The property comes with two separate 2-car garages, one for each unit. A Savi investor or homeowner may consider the potential of converting the garage into two additional ADUs or building 2 ADUs above the garage for additional income. At the current configuration the duplex has a 5.3% CAP rate, but with the proposed ADUs it can get up to the 7+.
The downstairs unit is currently rented at $5,300 per month but the upstairs unit will be delivered vacant for the buyer to either occupy or rent for a similar or a higher rent. A financing scenario that was obtained from a major bank shows the monthly out of pocket payment for an owner occupied to be $4,916 PITI with a 20% downpayment (subject to qualification). This is a unique opportunity to have it all in an amazing location in LA, the home is just minutes away from the Beverly Center, The Grove, The Farmers Market, Miracle Mile's museums, Culver City's cultural center, the nightlife of West Hollywood and much more..

Location

State CA

County Los Angeles

Area C19 - Beverly Center-Miracle Mile

Rooms

Basement Utility

Main Level Bedrooms 3

Interior

Interior Features Balcony, Separate/Formal Dining Room, Eat-in Kitchen, Multiple Staircases, Primary Suite, Utility Room

Heating Central

Cooling Central Air, Dual

Fireplaces Type Living Room

Inclusions All appliances

Fireplace Yes

Appliance Dryer, Washer

Laundry Inside, Laundry Room

Exterior

Parking Features Garage Faces Rear

Garage Spaces 4.0

Garage Description 4.0

Pool Private

Community Features Street Lights, Sidewalks

View Y/N No

View None

Total Parking Spaces 4

Private Pool Yes

Building

Lot Description 6-10 Units/Acre

Dwelling Type Duplex

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 5087018029

Acceptable Financing Cash, Cash to New Loan, Conventional, Submit

Listing Terms Cash, Cash to New Loan, Conventional, Submit

Special Listing Condition Standard

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Listed by Doron Refael Doron Refael, Broker 714-253-2883, DRE #01816415

NEARBY SCHOOLS & PROPERTIES

Heather Cutro

Agent | License ID: 02101187

+1(909) 605-3477

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Heather Cutro

1026 S Crescent Heights Los Angeles, CA 90035

Open House

Key Details

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Rooms

Interior

Exterior

Building

Schools

Others

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1026 S Crescent Heights