$1,675,000
 $8,992 forsale estimated payment Sourced by Back At You

808 Alandele Avenue , Los Angeles, CA 90036

Los Angeles, CA 90036

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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. 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.

Details

MlsSR24188149
Listing TypeFor Sale
StyleAttachd
SubtypeResale
StatusPending
Year1949
Days On Site80
Listing Provided ByEquity Union 818-989-2000 | Natalie Alchadeff

Features

Sq Feet3,194
Garage3
Storys2
Units3
Buildings1
ZoningLAR3
Acreage0.13
Property ViewNone

Market Activity 90036

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Learn More About This Property

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90036
AreaC17 Mid Wilshire
Listing VS Median (in 90036)
Price:
$1,675,000
low | high
Med:
$9,179
100% of Average
SqFt:
3,194
low | high
Med:
2,138
83.077645585473% of Average
$ / SqFt:
$524
low | high
Med:
$4
100% of Average
On Site:
80
low | high
Med:
51.000000
100% of Average
Sourced by Back At You
Listing Updated: December 8, 2024 at 6:04:31 PM PST
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