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    1438 S Stanley Ave

    Los Angeles, CA 90019
    • $1,399,000
    • STATUS: Active Under Contract
    • ON SITE: 20 days
    • MLS #: 21-723096
    Under Contract
    UPDATED: 27 min ago
    $1,399,000
    • 4
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,886
      SQFT
    • $742
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1937
    County:

    School Ratings & Info

    Description

    AMAZING investment opportunity in thriving Picfair Village on a beautiful, tree-lined street! Here is your chance to own a charming, 2-Unit DUPLEX with tremendous upside income potential. One unit is VACANT and the other will be by 5/31/21. Both units are 2BR/1BA (est. 943 SF +/- each). Classic details & sunlit spaces highlight this 1930s property which boasts many charming characteristics - original refinished hardwood floors, XL picture windows, coved ceilings, and built-ins. UPDATES include NEW paint, stainless steel appliances, recessed lighting, ceiling fans, newer bathroom fixtures and lights, and newer electric driveway gate. Each unit has their own laundry room which leads directly to the yard with a newer pergola to sit under & enjoy. Long driveway leads down to TWO 2-CAR GARAGES. May be able to create an ADU/Guest Suite adding even more income potential. Buyer to verify with the City. Close to some of LA's best foodie spots, shops & entertainment, freeways, public transportation. If you're looking for a smart investment opportunity and/or would like to live in one unit & rent the other, then this is your perfect chance.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-14T17:42:48.003. 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.desertarealuxuryhomes.com/homes/116433198
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    1438 S Stanley Ave Los Angeles, CA 90019

    • Price: $1,399,000
    • Status: Active Under Contract
    • Updated: 27 min ago
    • MLS #: 21-723096
    4
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    1,886
    SQFT
    $742
    $/SQFT
    1937
    Built
    Neighborhood:
    Mid Los Angeles
    County:
    Los Angeles
    Area:
    Mid Los Angeles
    Property Description
    AMAZING investment opportunity in thriving Picfair Village on a beautiful, tree-lined street! Here is your chance to own a charming, 2-Unit DUPLEX with tremendous upside income potential. One unit is VACANT and the other will be by 5/31/21. Both units are 2BR/1BA (est. 943 SF +/- each). Classic details & sunlit spaces highlight this 1930s property which boasts many charming characteristics - original refinished hardwood floors, XL picture windows, coved ceilings, and built-ins. UPDATES include NEW paint, stainless steel appliances, recessed lighting, ceiling fans, newer bathroom fixtures and lights, and newer electric driveway gate. Each unit has their own laundry room which leads directly to the yard with a newer pergola to sit under & enjoy. Long driveway leads down to TWO 2-CAR GARAGES. May be able to create an ADU/Guest Suite adding even more income potential. Buyer to verify with the City. Close to some of LA's best foodie spots, shops & entertainment, freeways, public transportation. If you're looking for a smart investment opportunity and/or would like to live in one unit & rent the other, then this is your perfect chance.
    Exterior Features

    Levels Two Lot Description Fenced YardFront YardSidewalksYardLandscaped Lot Location City Lot Size Area 6061 Other Structures None Parking Garage Garage - 4+ CarSide By SideShared DrivewayGated Sprinklers Sprinkler System Style Traditional Total Parking 4

    Interior Features

    Bathroom Features Shower Over TubTile Baths Total 2.00 Cooking Appliances OvenMicrowaveRange Cooling Wall Unit(S)Ceiling Fan Den No Dining Room Yes Equipment DryerWasherRefrigeratorRange/OvenDishwasherCeiling FanBuilt-InsMicrowaveGarbage Disposal Family Room No Flooring TileHardwood Heating Wall Interior Features Recessed Lighting Kitchen Features Granite Counters Laundry InsideRoom Rooms Breakfast AreaBreakfast BarDining RoomLiving Room

    Property Features

    Assessed Total Value 821195 Gross Income 69600 Gross Operating Income 69600 Like Units1 1 Like Units2 1 Net Operating Income 55700.00 Number Of Buildings 1 Number Of Units 2 Rent Control YN Yes Sale Type Standard Sewer In Street Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 4700 Type Of Units 12 Water In Street Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar2

    Listing provided courtesy of Simone Poingsett DRE#01894240 of Redfin.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-14T17:42:48.003. 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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