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1032 4th Avenue

Los Angeles CA 90019

3
1
2
1559 sq. ft.
6753 sq. ft.
Single-Family
Currently for sale - view listing

Overview

Nestled in a quiet and desirable neighborhood, this unique property offers flexible living arrangements and excellent income potential. Thoughtfully remodeled approximately four years ago, the main residence was configured into two separate living areas, with a front 1-bedroom, 1-bath unit currently rented for $1,900/month and a rear 2-bedroom, 2-bath owner-occupied unit. An additional converted garage offers a 1-bedroom, 1-bath space currently rented for $1,700/month, generating approximately $3,600/month in total rental income.The partition separating the main residence can be removed to restore a more open configuration, subject to buyer verification. Public records reflect a 3-bedroom, 1-bathroom Single Family Residence. The property is currently configured and used as 4 bedrooms and 4 bathrooms, with certain improvements and configurations being unpermitted. Buyer to independently verify all permits, bedroom/bathroom count, square footage, zoning, use, and legality of existing improvements with the appropriate governmental agencies. Property can be delivered vacant at Close of Escrow. Conveniently located near restaurants, hospitals, markets, and other everyday amenities. Features include a tankless water heater and a versatile layout offering multiple possibilities for an owner-user or investor. Property is located within a Historic Preservation Overlay Zone (HPOZ); buyer to independently verify all applicable restrictions, requirements, and guidelines with the City/County.

Features

3 bedrooms
1 bathroom
2 carspaces
1559 sq. ft. floor area
6753 sq. ft. lot size
Single-Family

Property history for 1032 4th Avenue

2022
Rented
Undisclosed
22 Sep 2022 by Redpoint Realty
2022
Sold
$1,230,000
23 May 2022 by Joonmo Kim, of DHS Realty, Inc.

Happy sellers in Los Angeles

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Local market activity for 3 bedroom single-family properties in Los Angeles

In the last 12 months, 63 three-bedroom single-family properties similar to 1032 4th Avenue, have been sold.

This represents a 4% increase in three-bedroom single-family properties sales when compared to the previous 12 months.

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