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1964 Palmerston Place

Los Feliz, CA 90027
  • $1,839,000
  • STATUS: Active
  • ON SITE: 29 Days
  • ID#: PV23164985
Price Reduced
UPDATED: 211 min ago
$1,839,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1936
County:

School Ratings & Info

Listing Agent(s): Victor Liu of Luxury Pv Realty (310-654-8767)


Description

Welcome to this extraordinary triplex in the coveted Los Feliz neighborhood of Los Angeles! This property is a true gem, showcasing architectural details from 1936 that will transport you to another era. Whether you're an investor looking for a lucrative opportunity or a homeowner seeking a charming and character-filled residence, this triplex ticks all the boxes. Step inside and be greeted by the original hardwood flooring, exuding warmth and elegance. The custom tiles add an artistic touch, further enhancing the unique appeal of this property. Not only does it exude classic charm, but it also offers peace of mind for the future. Recent upgrades, including termite clearance, a new roof, gutters, and modern plumbing, mean that maintenance costs will be kept to a minimum. Imagine the potential for an Additional Dwelling Unit (ADU). This superb addition not only increases the value of the property but also provides an additional revenue stream. With minimal expenses and excellent tenants already in place, you'll have a solid income winner on your hands. Located in the vibrant Los Feliz neighborhood, this rent-controlled building offers tremendous long-term gain potential. Each unit comes with its own single garage space and storage, providing convenience and further room for value enhancement. With 100% occupancy and low expenses, thanks to loyal and long-term tenants, you're looking at an incredible investment opportunity.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-10-03T00:28:54.443. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Romero Home Team | eXp Realty. Licensed in the State of California, USA.
www.romerohometeam.com/homes/143059928
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1964 Palmerston Place Los Feliz, CA 90027

  • Price: $1,839,000
  • Status: Active
  • On Site: 29 Days
  • Updated: 211 min ago
  • ID#: PV23164985
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1936
Built
Neighborhood:
637 - Los Feliz
County:
Los Angeles
Area:
637 - Los Feliz
Property Description
Welcome to this extraordinary triplex in the coveted Los Feliz neighborhood of Los Angeles! This property is a true gem, showcasing architectural details from 1936 that will transport you to another era. Whether you're an investor looking for a lucrative opportunity or a homeowner seeking a charming and character-filled residence, this triplex ticks all the boxes. Step inside and be greeted by the original hardwood flooring, exuding warmth and elegance. The custom tiles add an artistic touch, further enhancing the unique appeal of this property. Not only does it exude classic charm, but it also offers peace of mind for the future. Recent upgrades, including termite clearance, a new roof, gutters, and modern plumbing, mean that maintenance costs will be kept to a minimum. Imagine the potential for an Additional Dwelling Unit (ADU). This superb addition not only increases the value of the property but also provides an additional revenue stream. With minimal expenses and excellent tenants already in place, you'll have a solid income winner on your hands. Located in the vibrant Los Feliz neighborhood, this rent-controlled building offers tremendous long-term gain potential. Each unit comes with its own single garage space and storage, providing convenience and further room for value enhancement. With 100% occupancy and low expenses, thanks to loyal and long-term tenants, you're looking at an incredible investment opportunity.
Exterior Features

Entry Level 1 Entry Location 1 Lot Features 0-1 Unit/AcreLawn Number Of Separate Electric Meters 2 Parking Total 3 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Common Interest None Community Features Curbs Contingency Please See Supplements For La Rent Control Options On Owner Occupancy - Owner Occupancy Move in Or Ellis Act Pdf's Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 77628 Gross Scheduled Income 77628 Insurance Expense 2655 Land Lease YN No Laundry Features Inside Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Net Operating Income 58674 New Construction YN No Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Operating Expense 18954 Other Expense 246 Property Sub Type Triplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All Utilities Trash Expense 750 Water Sewer Expense 1315 Water Source Public Zoning Lar2



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-10-03T00:28:54.443. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Romero Home Team | eXp Realty. Licensed in the State of California, USA.
 
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Romero Home Team | eXp Realty
865 Aerovista Pl, Suite 120
San Luis Obispo CA, 93401
Listing Agent(s): Victor Liu of Luxury Pv Realty (310-654-8767)