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Andrea Coleman

keystosandiego@gmail.com +1(619) 548-1991

$ 1,999,000

Est. payment -/mo

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Open Sun 1PM-4PM

1026 S Crescent Heights Los Angeles, CA 90035

6 Beds

4 Baths

4,007 SqFt

Open House

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

UPDATED:

Key Details

Property Type Townhouse

Sub Type Townhome

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

Year Built 1932

Lot Size 5,491 Sqft

Property Sub-Type Townhome

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 total monthly out of pocket payment for an owner occupied to be $4,628 including Tax and Insurance, with a 20% downpayment (subject to qualification). This is a unique opportunity to have it all in an ama

Location

State CA

County Los Angeles

Direction Crescent Heights between Pico and Olympic

Interior

Interior Features 2 Staircases, Balcony

Heating Forced Air Unit

Cooling Central Forced Air, Dual

Fireplaces Type FP in Living Room

Fireplace No

Appliance Dryer, Washer

Exterior

Garage Spaces 4.0

Pool Private

View Y/N Yes

Water Access Desc Public

Total Parking Spaces 4

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories 2

Others

Senior Community No

Tax ID 5087018029

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

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

Special Listing Condition Standard

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Listed by Doron Refael, DRE#01816415 Doron Refael, Broker

Andrea Coleman

Agent | License ID: 01988436

+1(619) 548-1991

Andrea Coleman

1026 S Crescent Heights Los Angeles, CA 90035

Open House

Key Details

Location

Interior

Exterior

Building

Others

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1026 S Crescent Heights