CA > Los Angeles
Los Angeles, CA 90036,808 Alandele AVE
Los Angeles, CA 90036,808 Alandele AVE
Los Angeles, CA 90036,808 Alandele AVE
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Terrance Scotton, Broker Associate

Terrance Scotton, Broker Associate

+1(626) 788-9299
$1,675,000
Est. payment /mo
5,736 Sqft Lot
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UPDATED:

11/18/2024 08:00 PM

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Pending

Purchase Type For Sale

MLS Listing ID SR24188149

HOA Y/N No

Year Built 1949

Lot Size 5,736 Sqft

Property Description

Incredible Opportunity for a TIC Conversion, Owner/Users, Multiple Generations, or Investors to own a 3-unit property in the coveted Miracle Mile district. Significant value-add potential via interior/exterior updates or a TIC conversion. This is a value-add opportunity Now 2 units are vacant. This income property boasts a strong unit mix consisting of (1) a large 3 bedroom + 1.5 Bathrooms unit (approx. 1200 sq ft), (1) an upgraded 2 bedrooms + 1 bathroom (approx. 933 sq ft), and (1) 2 bedroom + 1 bathroom (approx. 1080 sq ft). The property has three 1-car garages and a dedicated laundry room for additional income. Hardwood flooring throughout with tons of midcentury charm. Triplex is located in an ‘A’ rental market that is consistently sought-after by high-income young professionals. Located moments from Museum Row, which includes LACMA, The Academy Museum of Motion Pictures, The Petersen Automotive Museum, and La Brea Tar Pits. There are endless opportunities for world-class shopping, dining, and entertainment options with a walk score of 91 (walker’s paradise) yet on a quiet street. A short distance away at The Grove/Farmer's Market, Beverly Center, Cedars-Sinai, and Koreatown. The property has easy access to UCLA, USC, Downtown LA, and the 10 Freeway. The Purple Line Subway station is close by and is scheduled to open in 2025. This line will go from Downtown to Westwood and will provide added value to the future property owner and the entire neighborhood. This is an ideal investment for an owner/user or operator seeking a single-family home or condo alternative. It is a stable investment opportunity with long-term wealth preservation and appreciation.

Location

State CA

County Los Angeles

Area C17 - Mid-Wilshire

Zoning LAR3

Interior

Interior Features Beamed Ceilings, Ceiling Fan(s), Multiple Staircases, Walk-In Closet(s)

Heating Central

Cooling Wall/Window Unit(s)

Flooring Wood

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Exterior Feature Awning(s)

Garage Garage Faces Front, Garage

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Curbs, Street Lights, Sidewalks, Urban

Utilities Available Sewer Available, Water Available

View Y/N No

View None

Total Parking Spaces 3

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5089013002

Energy Description 600.0

Acceptable Financing Cash, Conventional, Fannie Mae, Freddie Mac

Listing Terms Cash, Conventional, Fannie Mae, Freddie Mac

Special Listing Condition Standard, Trust

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California Regional MLS (CRMLS)
Listed by Natalie Alchadeff • Equity Union • 310-600-1829

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Terrance Scotton, Broker Associate

+1(626) 788-9299

Broker Associate | License ID: 01707848 NMLS: 908256

Broker Associate License ID: 01707848 NMLS: 908256

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