1607 Campus Road Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90041
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,282 sqft
Price per Sqft $648
MLS Listing ID OC25184393
Style Mediterranean/Spanish
Bedrooms 4
Full Baths 3
Year Built 1927
Lot Size 7,422 Sqft
Property Sub-Type Detached
Property Description
INSTANT EQUITY OPPORTUNITY: Multi-Unit Investment Property with Built-In Equity PRICED TO SELL | Recently Appraised at $1,645,000.This rare multi-income property presents an exceptional opportunity for investors and multi-generational families seeking immediate equity and multiple revenue streams. INVESTMENT OVERVIEW:The property offers extraordinary income flexibility with its current two-unit configuration & significant future development potential. Owner-occupy the main residence while generating rental income from the permitted attached unit, convert to student housing for Occidental College's consistent rental market, or lease all units separately to maximize returns. The large detached two-car garage presents outstanding opportunities for ADU and JADU conversion subject to city approvals allowing you to add income-generating units that will dramatically boost your ROI. THE MAIN RESIDENCE:Three-bedroom, two-bathroom residence with classic LA architectural character awaiting remodel. Spacious formal living & dining rooms flow into the kitchen with adjacent breakfast area. Three bedrooms, two full baths, and laundry room. This property needs cosmetic work and modernization, creating an excellent value-add opportunity to force appreciation through strategic improvements. PERMITTED ATTACHED CASITA: flexible dual-access design. The ground floor offers a versatile bonus room with private entrance, perfect as a fifth bedroom, office, or Living room with kitchenette. Upstairs is a one-bedroom suite with full bath. This unit connects to the main home via interior door while mai
Location
State CA
County Los Angeles
Zoning LAR1
Interior
Heating Wall/Gravity
Flooring Carpet,Tile,Wood
Fireplaces Type FP in Living Room
Laundry Gas & Electric Dryer HU
Exterior
Parking Features Garage,Garage - Single Door
Garage Spaces 2.0
Utilities Available Electricity Connected,Natural Gas Connected,Sewer Connected
View Y/N Yes
Roof Type Tile/Clay
Building
Story 1
Sewer Public Sewer
Water Public
Others
Acceptable Financing Cash,Cash To Existing Loan,Cash To New Loan,Conventional
Listing Terms Cash,Cash To Existing Loan,Cash To New Loan,Conventional