Motivated Seller! Reduced Price on tenant-occupied Duplex in Desirable Arlington Heights. Exceptional investment opportunity near Country Club Park, Western Heights, Koreatown, and West Adams. This two-story Spanish Colonial duplex, built in 1923, is now listed at a significantly reduced price because property will be sold tenant-occupied. Property features two nearly identical units, each with 2 bedrooms, 1 bathroom, a spacious living room, formal dining room, kitchen, and laundry room, each approximately 1,450 sq. ft. The property includes (3) 1-car garages with potential for ADU conversion to increase rental income. With 2,900 sq. ft. of living space on a 6,098 sq. ft. LARD2 zoned TOC Tier 2 lot, this property offers versatility and significant upside potential at market rents or upon redevelopment. Listing price improved because existing rents are below market and subject to Los Angeles City Rent Stabilization Ordiance (RSO). Buyer must take the property AS-IS, tenant occupied, subject to tenant rights. No exceptions. Conveniently located near the 10 and 405 freeways, the property provides easy access to DTLA, LAX, employment centers, restaurants, shopping, museums, and Westside beaches. Arlington Heights is a growing community with historic landmarks and beautiful architecture, making it an ideal place for multifamily investment. Don't miss out on this motivated seller and reduced price opportunity! Submit offers subject to interior inspection today!
Listing Courtesy of Combined L.A. Westside (CLAW) / Coldwell Banker Champion Realty / Christie Thomas
$650,000
Los Angeles Area Single Family Home
Active
6327 5th Ave Los Angeles, CA 90043
2 Bed
1 Baths
1091 sqft
MLS# 24-447895
Discover a gem of an opportunity in LA's well-established Hyde Park neighborhood. Listed for the first time in over 75 years, this spacious 2 bd, 1 ba Spanish-style architectural beauty has been remarkably well-maintained given its age. Perfect for buyers searching for a place to call their very own, remodelers, or fix and flip investors. A quick look around this burgeoning neighborhood will reveal how even a cosmetic interior update would significantly increase the value, while a full remodel with ADU could transform this residence into an equity-rich architectural masterpiece on par with other amazing flips in the area, including its adjourning neighbor. Because this is a probate sale, requiring court confirmation, the property is right priced and positioned to sell quickly. Check out the floor plan included with the photos to visualize the functional layout and versatility of the space. The living room features a fireplace and opens to the dining room. There is carpet throughout with original wood flooring underneath. The two bedrooms are situated on the south side of the home separated by a hallway illuminated by skylight and full bathroom with separate tub and shower. The kitchen is in the rear of the home with a breakfast nook (currently in use as an office) overlooking the expansive backyard. A newer water heater is in the laundry room with washer/dryer hook ups and a door to the backyard. An elegant porte cochere, long driveway, detached garage, and plenty of backyard space makes this property unique. No interior pictures out of respect for privacy of long-time residents who are in the process of moving. Central location is a huge plus! So many great new area amenities are just moments away. Literally steps from the Rail to River Active Transportation Corridor Project newly constructed bike and pedestrian path. Seven blocks from Crenshaw/LAX "K" Line. Minutes to vibrant Edward Vincent Jr. Park and world-class entertainment and sporting venues in nearby Inglewood (SoFi Stadium, YouTube Theater Kia Forum, Intuit Dome). Everything you desire is within reach including LAX, 405 fwy, beach cities, shopping, and more. Don't miss your opportunity to get into this resurgent area at an affordable price. Showings to qualified buyers by appointment only. Reach out TODAY!
Listing Courtesy of Combined L.A. Westside (CLAW) / Coldwell Banker Champion Realty / Christie Thomas