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Tracy Baker

tracy@tracybbaker.com +1(619) 507-4230

$ 999,999

Est. payment | -/mo

4 Beds

2 Baths

1,400 SqFt

Save

$ 999,999

Est. payment | -/mo

Save

4 Beds

2 Baths

1,400 SqFt

Open House

Sat Jan 17, 1:00pm - 4:00pm

Sun Jan 18, 1:00pm - 4:00pm

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 1,400 sqft

Price per Sqft $714

MLS Listing ID 26634315

Bedrooms 4

HOA Y/N No

Year Built 1940

Lot Size 5,702 Sqft

Property Description

Exceptional Duplex on Oversized Corner Lot in Prime NELA! This rare opportunity to own a well-located duplex on one of the largest corner parcel lots in the neighborhood, offering approximately 5,700 sq ft of land, significantly larger than the area average of approximately 4,300 sq ft. Each unit is approximately 700 sq ft with each residence offering two bedrooms and one bath, a dedicated laundry area with its own washer and dryer, and a thoughtfully designed kitchen with its own refined, contemporary aesthetic flexible property presents multiple ownership and income strategies, including the potential to add an ADU and/or additional structures. Situated in the heart of Northeast Los Angeles' creative and rapidly evolving corridor, the property offers excellent proximity to the 5, 101, 110, 710, 2, and 10 freeways, providing convenient access throughout Los Angeles. Offered at $1,000,000, this property represents a compelling value at approximately $500,000 per unit, a rare find in today's market. With interest rates trending downward, ownership can pencil favorably with an estimated 5% cap rate, while offering long-term equity growth and potential tax advantages. Both units are delivered vacant, allowing for maximum flexibility. Live in one unit and rent the other, lease both units for income, or explore the possibility of connecting the units to create a larger single-family residence at the base of Mount Washington. The oversized lot may also accommodate the addition of a carport or ADU, ideal for extended family or supplemental rental income. Property features include laminate wood flooring, split systems for heating and air conditioning, private fenced yards, and separate private entrances. One unit enjoys expansive views of the Downtown Los Angeles skyline. Updated kitchens, plumbing and modern baths complement bright, open floor plans that feel fresh and move-in ready. Exterior highlights include lush landscaping, custom fencing, and gated parking, offering privacy, functionality, and curb appeal. Conveniently located near Elysian Park, Highland Park, Dodger Stadium, Griffith Park, Downtown Los Angeles, the Arts District, Chinatown, Japantown, Atwater Village, Silver Lake, and Echo Park, with nearby access to Metro rail lines serving DTLA to Santa Monica to Long Beach. This property offers an exceptional combination of location, flexibility, income potential, and long-term value in one of Los Angeles' most desirable neighborhoods.

Location

State CA

County Los Angeles

Area 680 - Mount Washington

Zoning LARD2

Rooms

Other Rooms Shed(s)

Interior

Heating Combination, Central, Forced Air

Fireplace No

Appliance Dishwasher, Refrigerator, Dryer, Washer

Laundry In Carport

Exterior

Parking Features Concrete, Driveway, Guest, Gated

Total Parking Spaces 4

Building

Story 1

Entry Level One

Level or Stories One

Additional Building Shed(s)

New Construction No

Others

Senior Community No

Tax ID 5446003016

Special Listing Condition Standard

Listed by Eddie Arnez Keller Williams Studio City

+1(619) 507-4230

tracy@tracybbaker.com

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3501 N Figueroa ST Los Angeles, CA 90065