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$2,688,000
Est. payment /mo
4 Beds
3,134 SqFt
UPDATED:
01/28/2025 01:28 AM
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 3,134 sqft
Price per Sqft $857
MLS Listing ID CL25481675
Bedrooms 4
HOA Y/N No
Year Built 1970
Lot Size 5,003 Sqft
Acres 0.11
Property Sub-Type OTHER
Property Description
Embrace LA's most coveted emerging neighborhood with this beautifully redeveloped 4-unit property in the heart of Frogtown. This vibrant riverside community has seen property values skyrocket since 2017, yet remains poised for unprecedented growth with less than 20% of its residential sector developed to modern standards.Each unit has been completely transformed into spacious 2-bed/2-bath layouts, featuring newly installed central heating and air conditioning, energy-efficient windows, and designer kitchens with premium appliances. Modern vinyl plank flooring flows throughout, complemented by fresh interior and exterior paint. A distinctive touch: individually colored entry doors matching dedicated parking spaces enhance the property's artistic curb appeal, resonating with Frogtown's creative character.Annual gross rental income approaches $200,000, with a strong 5.7% cap rate. The versatile 2-bed/2-bath configurations attract quality long-term tenants, from young professionals to small families. Located minutes from downtown LA, Dodger Stadium, and Silver Lake, residents enjoy easy access to major freeways while being steps from the LA River's extensive bike paths.The neighborhood's evolution continues as recent data shows local household incomes climbing 11.9% in 2022, as the a
Location
State CA
County Los Angeles
Zoning LAR1
Interior
Heating Wall Furnace
Fireplace No
Exterior
Exterior Feature Back Yard, Front Yard
View Y/N false
View None
Total Parking Spaces 4
Building
Lot Description Other, Back Yard, Front Yard, Landscape Misc
New Construction No
Others
Tax ID 5445016011
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Listed by Jared Goldstein • NDA Real Estate