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Gwyn Goodman

ggoodmanrealty@aol.com +1(805) 443-5650

$ 1,675,000

Est. payment -/mo

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Active

808 Alendale Los Angeles, CA 90036

7 Beds

4 Baths

3,194 SqFt

UPDATED:

09/30/2024 05:28 PM

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,194 sqft

Price per Sqft $524

MLS Listing ID SR24188107

Bedrooms 7

Full Baths 3

Half Baths 1

HOA Y/N No

Year Built 1949

Lot Size 5,736 Sqft

Acres 0.1317

Property Description

Incredible Opportunity for a TIC Conversion, Owner/Users, Multiple Generations, or Investors to own a 3-unit property in the coveted Miracle Mile district. Significant value-add potential via interior/exterior updates or a TIC conversion. This is a value-add opportunity with 1 unit vacant and a possible second unit to be delivered vacant. This income property boasts a strong unit mix consisting of (1) a large 3 bedroom + 1.5 Bathrooms unit (approx. 1200 sq ft), (1) an upgraded 2 bedrooms + 1 bathroom (approx. 933 sq ft), and (1) 2 bedroom + 1 bathroom (approx. 1080 sq ft). The property has three 1-car garages and a dedicated laundry room for additional income. Hardwood flooring throughout with tons of midcentury charm. Triplex is located in an ‘A’ rental market that is consistently sought-after by high-income young professionals. Located moments from Museum Row, which includes LACMA, The Academy Museum of Motion Pictures, The Petersen Automotive Museum, and La Brea Tar Pits. There are endless opportunities for world-class shopping, dining, and entertainment options with a walk score of 91 (walker’s paradise) yet on a quiet street. A short distance away at The Grove/Farmer's Market, Beverly Center, Cedars-Sinai, and Koreatown. The property has easy access to UCLA, USC, Downtown LA, and the 10 Freeway. The Purple Line Subway station is close by and is scheduled to open in 2025. This line will go from Downtown to Westwood and will provide added value to the future property owner and the entire neighborhood. This is an ideal investment for an owner/user or operator seeking a single-family home or condo alternative. It is a stable investment opportunity with long-term wealth preservation and appreciation.

Location

State CA

County Los Angeles

Area C17 - Mid-Wilshire

Zoning LAR3

Rooms

Main Level Bedrooms 3

Ensuite Laundry Common Area

Interior

Interior Features Beamed Ceilings, Breakfast Area, Ceiling Fan(s), Eat-in Kitchen, Walk-In Closet(s)

Laundry Location Common Area

Heating Central

Cooling Wall/Window Unit(s)

Flooring Wood

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Exterior Feature Awning(s)

Garage Garage Faces Front, Garage

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Sidewalks, Urban

View Y/N No

View None

Parking Type Garage Faces Front, Garage

Attached Garage Yes

Total Parking Spaces 3

Private Pool No

Building

Lot Description 2-5 Units/Acre, Back Yard, Walkstreet

Dwelling Type Triplex

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 5089013002

Acceptable Financing Cash, Conventional, Fannie Mae, Freddie Mac

Listing Terms Cash, Conventional, Fannie Mae, Freddie Mac

Special Listing Condition Standard, Trust

Listed by Natalie Alchadeff • Equity Union • 310-600-1829

Gwyn Goodman

Broker | License ID: 00779815

+1(805) 443-5650

Gwyn Goodman

808 Alendale Los Angeles, CA 90036

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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808 Alendale