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$2,000,000
Est. payment /mo
8 Beds
5 Baths
2,766 SqFt
UPDATED:
Key Details
Property Type Condo
Sub Type All Other Attached
Listing Status Active
Purchase Type For Sale
Square Footage 2,766 sqft
Price per Sqft $723
MLS Listing ID SR25141939
Bedrooms 8
Full Baths 5
Year Built 1926
Property Sub-Type All Other Attached
Property Description
Turnkey 4-unit property in a prime studio-adjacent location generating approximately $14,000 PER MONTH in gross rental income. Located near Disney and Nickelodeon studios, this fully upgraded compound features a 3 bed 2 bath main home, a 1 bed 1 bath attached ADU, and two detached 2 bed 1 bath units in the rear. All units have been tastefully renovated with quartz countertops, laminate flooring, recessed lighting, double pane windows, new roofs, and modern appliances. Interiors and exteriors have been recently painted and still look GREAT. Central heat and air in all units except the junior ADU, which has a mini-split. EACH UNIT COMES WITH ASSIGNED PARKING AND A PRIVATE PATIOideal for pets, BBQs, or storage. Three units operate as short-term rentals with consistent AIRBNB BOOKINGS generating strong cash flow. One unit is rented to a long-term tenant at $2,700 per month, paid early every month without fail. Total gross income is APPROXIMATELY $14,000 PER MONTH, offering excellent returns for investors. The property has SEPARATE ELECTRIC METERS for all units except the junior ADU, which shares with the main house. One shared gas and water meter. Utilities are currently paid by the owner. Located in a HIGH-DEMAND rental market close to major studios, dining, shopping, and freeways. An ideal option for investors seeking a proven, INCOME-GENERATING ASSET in one of the most desirable pockets of the valley.
Location
State CA
County Los Angeles
Zoning BUR3*
Direction main cross streets: W Verdugo Ave & W Olive Ave
Interior
Heating Forced Air Unit
Cooling Central Forced Air
Flooring Laminate, Linoleum/Vinyl
Fireplace No
Appliance Dishwasher, Microwave, Refrigerator, Gas Oven
Exterior
Parking Features Assigned
Fence Wood
View Y/N Yes
Water Access Desc Public
Roof Type Composition,Shingle
Porch Patio
Building
Story 1
Sewer Public Sewer
Water Public
Level or Stories 1
Others
Tax ID 2444007005
Special Listing Condition Standard
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Listed by Angel Garcia Park Regency Realty
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