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1229 S Dunsmuir Avenue

Los Angeles, CA 90019
  • $1,699,000
  • STATUS: Active
  • ON SITE: 20 Days
  • ID#: SR22157900
UPDATED: 37 min ago
$1,699,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1930
County:

School Ratings & Info

Description

Beautiful Spanish character cottages. Walk to Fairfax and San Vicente! 3 Units delivered Vacant at close of escrow! Massive upside potential. Tenants paytheir own water, electricity, gas and trash as all utilities are on separate meters for gas, electric, and water. Convert the 3 car garages to an ADU plus addan additional unit on top. With the ADU additions the potential increased revenue will be $141,120 and the cap will be potentially 6.6%. The current ownership has remodeled two of the cottages. The front home features high barrel ceilings, remodeled kitchen, in unit washer and dryer, tankless water heater, new tile flooring, new counter tops, fresh paint and beautifully preserved hardwood flooring. R3 zoned, potential to build 15 units using TOC density bonus. A new 17 unit building is being built next door and it's 4 months from completion. Miracle Mile is a great rental market, attracting a huge supply of A+ tenants looking for quality units in a premium location. Convenient access to transit, employment, retail and entertainment venues. Minutes to downtown LA, Beverly Hills, Santa Monica and Culver City.

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Based on information from CRISNet MLS as of 2022-08-10T06:56:28.79. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Based on information from the i-Tech MLS as of 2022-08-10T06:56:28.79. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchhomesincalifornia.com/homes/131098752
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1229 S Dunsmuir Avenue Los Angeles, CA 90019

  • Price: $1,699,000
  • Status: Active
  • On Site: 20 Days
  • Updated: 37 min ago
  • ID#: SR22157900
0
Beds
0
Baths
0
½ Baths
0.18
Acres
1930
Built
Neighborhood:
C19 - Beverly Center-Miracle Mile
County:
Los Angeles
Area:
C19 - Beverly Center-Miracle Mile
Property Description
Beautiful Spanish character cottages. Walk to Fairfax and San Vicente! 3 Units delivered Vacant at close of escrow! Massive upside potential. Tenants paytheir own water, electricity, gas and trash as all utilities are on separate meters for gas, electric, and water. Convert the 3 car garages to an ADU plus addan additional unit on top. With the ADU additions the potential increased revenue will be $141,120 and the cap will be potentially 6.6%. The current ownership has remodeled two of the cottages. The front home features high barrel ceilings, remodeled kitchen, in unit washer and dryer, tankless water heater, new tile flooring, new counter tops, fresh paint and beautifully preserved hardwood flooring. R3 zoned, potential to build 15 units using TOC density bonus. A new 17 unit building is being built next door and it's 4 months from completion. Miracle Mile is a great rental market, attracting a huge supply of A+ tenants looking for quality units in a premium location. Convenient access to transit, employment, retail and entertainment venues. Minutes to downtown LA, Beverly Hills, Santa Monica and Culver City.
Exterior Features

Levels One Lot Features Lot 6500-9999Rectangular Lot Lot Size Area 7985.0000 Parking Total 3.00

Interior Features

Common Walls No Common Walls Laundry Features Electric Dryer HookupWasher Hookup Laundry YN Yes

Property Features

Additional Parcels YN No Community Features CurbsSidewalksStorm DrainsStreet Lights Land Lease YN No New Construction YN No Pool Features None Pool Private YN No Property Attached YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Water Source Public Zoning Lar3

Listing provided courtesy of Anie Mayelian, CA DRE# 00778825, of Equity Union.


Based on information from CRISNet MLS as of 2022-08-10T06:56:28.79. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Based on information from the i-Tech MLS as of 2022-08-10T06:56:28.79. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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