1026 South Crescent Heights, Los Angeles, CA 90035
1026 South Crescent Heights, Los Angeles, CA 90035,Video Tour
1026 South Crescent Heights, Los Angeles, CA 90035
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Listed by Doron Refael • Doron Refael, Broker
$1,998,000
Est. payment /mo
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4,007 SqFt
Price Dropped by $1K

1026 South Crescent Heights Los Angeles, CA 90035

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Dolores Park

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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 OC-26115107

Year Built 1932

Lot Size 5,491 Sqft

Property Sub-Type Duplex

Source California Regional Multiple Listing Service (CRMLS)

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 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

Interior

Interior Features Balcony, 2 Staircases

Heating Central

Fireplaces Type Living Room

Inclusions All appliances

Laundry Dryer Included, Individual Room, Inside, Washer Included

Exterior

Parking Features Garage Faces Rear

Garage Spaces 4.0

Pool Private

Community Features Sidewalks, Street Lights

View Y/N No

View None

Building

Lot Description 6-10 Units/Acre

Sewer Public Sewer

Others

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1026 South Crescent Heights