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1428 S Crescent Heights Blvd

Los Angeles, CA 90035
  • $2,225,000
  • STATUS: Active
  • ON SITE: 120 Days
  • MLS #: 21-767950
$2,225,000
  • 7
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,648
    SQFT
  • $479
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1949
County:

School Ratings & Info

Description

Highly desirable Carthay neighborhood of the Pico - LA Cienega area. This 6-unit two-story multifamily property features two buildings for a total of 5 one-bedroom/one-bathroom and 1 two-bedroom/two-bathroom units. The front building consists of 4 one bedroom/one bathroom units. The rear building consists of two non-rent control units (#1432 & #1432 1/2). All units w/ private entrances, ample natural light, gated community-like feel, and great walk-ability. Three (3) two-car garages plus additional open parking. Positioned just south of Pico, between Fairfax Ave. and La Cienega Blvd. Centrally located with easy access to Beverly Hills, Century City, Culver City, and West Hollywood. The property also has future redevelopment potential in that a developer has a 7,501 square foot lot, zoned R3 with 75 feet of frontage and an alley in the back. A developer can build 11 units by-right and 19 units by utilizing the Tier 3 TOC density bonus. Buyer to verify with the city

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-11-30T23:43:16.143. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.deserthouseseekers.com/homes/119960243
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1428 S Crescent Heights Blvd Los Angeles, CA 90035

  • Price: $2,225,000
  • Status: Active
  • On Site: 120 Days
  • MLS #: 21-767950
7
Beds
0
Baths
0
½ Baths
N/A
Acres
4,648
SQFT
$479
$/SQFT
1949
Built
Neighborhood:
Beverlywood Vicinity
County:
Los Angeles
Area:
Beverlywood Vicinity
Property Description
Highly desirable Carthay neighborhood of the Pico - LA Cienega area. This 6-unit two-story multifamily property features two buildings for a total of 5 one-bedroom/one-bathroom and 1 two-bedroom/two-bathroom units. The front building consists of 4 one bedroom/one bathroom units. The rear building consists of two non-rent control units (#1432 & #1432 1/2). All units w/ private entrances, ample natural light, gated community-like feel, and great walk-ability. Three (3) two-car garages plus additional open parking. Positioned just south of Pico, between Fairfax Ave. and La Cienega Blvd. Centrally located with easy access to Beverly Hills, Century City, Culver City, and West Hollywood. The property also has future redevelopment potential in that a developer has a 7,501 square foot lot, zoned R3 with 75 feet of frontage and an alley in the back. A developer can build 11 units by-right and 19 units by utilizing the Tier 3 TOC density bonus. Buyer to verify with the city
Exterior Features

Covered Parking 6 Lot Size Area 7501 Other Structures Other Parking Garage Other Total Parking 6

Interior Features

Baths Total 7.00 Cooling Air ConditioningWindow Unit(S) Equipment Other Heating Wall

Property Features

Gross Income 141252 Gross Operating Income 138574 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 91164.00 Number Of Buildings 2 Number Of Units 6 Sale Type Standard Source Living Area Other Source Lot Size Area Assessor Source Lot Size Dimensions Assessor Total Annual Expense 47410 Type Of Units Apt Year Built Source Assessor Zoning Lar3

Listing provided courtesy of Vangelis Korasidis DRE#01222626 of Coldwell Banker Realty.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-11-30T23:43:16.143. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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