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$1,997,500
Est. payment /mo
5 Beds
4 Baths
2,028 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,028 sqft
Price per Sqft $984
MLS Listing ID 26668275
Bedrooms 5
HOA Y/N No
Year Built 1923
Lot Size 7,501 Sqft
Property Description
Charming 1923 California Craftsman triplex located in the highly desirable Palms Mar Vista submarket, offering multiple opportunities for an owner-user, income generation, and value-add potential. The front residence, currently vacant, features a spacious three-bedroom, two-bath layout with classic curb appeal, potential for a private enclosed front yard, and tandem two-car parking. The rear yard could be further enhanced and privatized by enclosing a portion of the space, highlighted by a mature avocado tree. Above the garage are two additional one-bedroom, one-bath units, one of which is vacant, situated above dedicated two-car parking, providing separate income streams. Adjacent to the parking area and laundry room is a large flex space, currently utilized as an owner's workshop, presenting significant upside potential. This area may be repurposed for storage, car parking, creative workspace, or potential ADU conversion, offering an additional avenue for income growth. The property presents a value-add opportunity through improvements and value add enhancements, while maintaining its inherent architectural charm. The offering is to be sold in conjunction and to close concurrently with the adjacent parcel, creating a rare assemblage opportunity. This presents a multifamily investment opportunity consisting of two contiguous parcels (APNs 4314-015-011 and 4314-015-012) located in the desirable Palms/Mar Vista submarket of West Los Angeles. Situated on approximately 15,000 square feet of land. This configuration provides investors with multiple acquisition strategies, including redevelopment, value-add repositioning, or owner-user occupancy.
Location
State CA
County Los Angeles
Area C13 - Palms - Mar Vista
Zoning LAR3
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features Converted Garage
Total Parking Spaces 4
Building
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 4314015011
Special Listing Condition Standard
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Listed by D. Timothy Byrne Compass #01186465
Nearby Locations

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2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA
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