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Tony Padilla

tony@soldbytonypadilla.com +1(909) 772-8993

$ 2,850,000

Est. payment | -/mo

7 Beds

7 Baths

4,032 SqFt

Save

$ 2,850,000

Est. payment | -/mo

Save

7 Beds

7 Baths

4,032 SqFt

OPEN HOUSE

Tue Apr 29, 11:00am - 2:00pm

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,032 sqft

Price per Sqft $706

MLS Listing ID 25527891

Bedrooms 7

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1936

Lot Size 6,250 Sqft

Property Description

A sought-after classic, sophisticated & curated. A beautifully presented Manhattan Style French Normandy Townhouse Triplex, in the heart of Beverly Grove. Each unit tells its own story, including a stunning rear owner's unit (3 bedrooms + 2.5 bathrooms) that spans three sunlit floors of beautifully renovated living space. Highlights include a designer chef's kitchen with quartz counters and Viking/Subzero appliances, new baths, refinished oak floors, striking tile and paintwork, and three-zone central HVAC. The first-floor features gracious public rooms that open to a lush, secluded garden with patio seating and a fire pit nestled beneath the trees. The second level offers both primary and secondary bedrooms with a shared Art Deco-style bath. Upstairs, the third level unfolds into a sprawling suite with a family/game room, home gym, large bedroom, and another luxurious bath. Completing the building are two 2-bedroom, 1.5-bath townhomes. The center unit, recently remodeled in the same vein as the owner's unit, offers modern conveniences paired with 1930s charm, including a formal living room, dining room, and in-unit laundry on the main floor, with bedrooms and bath upstairs. Delivered with the center unit vacant (most recent rent was $5,500/mo), and RTI permits in hand to convert the garages into a 2 bed/2 bath ADU. A perfect owner/user opportunity, or the bread-and-butter investment you've been waiting for. Gross Income: $181,608 (based on center unit's prior rent). Cap Rate of 4.8% based on Property Taxes at 1.25% of List Price and Expenses of $8,862/year ($4,437/year for Insurance, $2,625/year for water, and $1,800/year for gardener). Projected rent(s) are based on voluntary vacancies, if any, that may occur in the property, and are subject to anti-gouging laws, rules and limitations. Buyer to undertake all due diligence regarding such matters, potential rents and state/local rent control/eviction laws, rules and regulations. Buyer to do all diligence with respect to expenses/costs, which may differ from Seller's experience. Seller makes no representations whatsoever as to the foregoing.

Location

State CA

County Los Angeles

Area C19 - Beverly Center-Miracle Mile

Zoning LAR3

Interior

Interior Features Ceiling Fan(s), Attic

Heating Central

Cooling Central Air

Flooring Wood

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Disposal, Range, Refrigerator, Range Hood, Dryer, Washer

Laundry Laundry Room

Exterior

Parking Features Assigned, Driveway

Garage Spaces 4.0

Garage Description 4.0

Pool None

View Y/N Yes

Roof Type Composition,Shingle

Porch Open, Patio

Total Parking Spaces 6

Private Pool No

Building

Story 3

Entry Level Multi/Split

Foundation Raised

Sewer Other

Level or Stories Multi/Split

New Construction No

Construction Status Updated/Remodeled

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 5510024006

Special Listing Condition Standard

Listed by Peter Maurice • Rodeo Realty

+1(909) 772-8993

tony@soldbytonypadilla.com

279 e Arrow Hwy Suite 103, Dimas, CA, 91773, Unite States

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6427 Orange ST Los Angeles, CA 90048