1245 S Crescent Heights Boulevard, Los Angeles, CA 90035
List Price: $1.8M
Listing Status: Active
0Days on Market: 0
6 Bedrooms · 4 Bathrooms · 4,638 sq ft
Property Type: ResidentialIncome
Year Built: 1936
Lot Size: 6,438 sq ft
MLS Number: 26810725
About This Property
Exceptional value-add 4-unit opportunity located in a prime Los Angeles neighborhood, featuring unique and charming architecture rarely found in typical multifamily assets. This distinctive property offers both strong in-place income and significant upside potential. The unit mix consists of (2) 2-bedroom + 1-bath units and (2) 1-bedroom + 1-bath units. Two units will be delivered vacant at closing, providing immediate flexibility for an investor or owner-user: Unit A: 2 Bed / 1 Bath (Vacant) Unit B: 1 Bed / 1 Bath (Vacant) The remaining units are currently occupied: Unit C: 2 Bed / 1 Bath rented at $2,100/month Unit D: 1 Bed / 1 Bath rented at $2,300/month. The property also features separate garage structures, offering excellent potential for Accessory Dwelling Unit (ADU) conversion (buyer to verify), creating an additional income stream and further enhancing long-term value.With its irreplaceable architectural character, desirable location, and multiple avenues for upside including rental increases, unit renovations, and ADU development - this is an ideal opportunity for investors seeking to reposition and maximize returns.
Listing provided by: David Miller DRE #02105346 310-202-9166 davemiller@mdrealtycorp.com, Miller & Desatnik Realty Co.
Source: CRMLS, MLS #: 26810725
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.