The current owner has spent the last 9 years lovingly restoring this character 1926 Spanish style residential income property. Architecturally, the property has a garden courtyard layout, providing semi-private outdoor spaces accessed off the 20 units.
The units have retained their original architectural character, including original hardwood floors, 10′ high ceilings, plaster walls, restored original windows with wavy glass and restored window ropes. 19 of the 20 units are approximately 530 SF each and offer 1 bedroom and 1 full bath.
The owner’s unit, unit 1, is approximately 650 SF and has 1 bedroom, 1 bathroom and another room that can be used as a small bedroom or an office. 17 mini-split Fujitsu brand units provide both heating and air conditioning. The mini-split units have been replaced in the last 7 years, and some are as new as 2 years old.
The owner had a platform built for each of the mini-split units so that they are not sitting directly on the roof. The property is fully gated and has a camera system and a key-card access for the residents.
This property is for investors seeking historic charm, modern convenience, and strong rental income in a sought-after Los Angeles neighborhood. Located in the Westlake community, the property is within 3 minutes or 1.1 miles from DTLA, Southwestern Law School and The Fashion Institute. Sited between Silver Lake and Echo Park, the property is near stores, small neighborhood shops, and restaurants.
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Main Properties:
Unit(s): 20
Bedroom(s): 20
Bathroom(s): 20
Total Structure Area: 10,782ยฑ sq.ft.
Offered at $3,250,000
For more information contact:
Sarah Rogers
MBA, GRI, e-PRO, Realtor
Estates Executive Director
Trust & Probate Division Executive Director
626.390.0511 mobile
Sarah@SarahRogersEstates.com
SarahRogersRealEstate.com
sarah.rogers@theagencyre.com
The Agency
DRE#01201812
Luis Segura (Co-Listing Agent)
Broker Associate
realtor.segura@gmail.com
(626) 233-2884
DRE#01305186
