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Terrance Scotton, Broker Associate

terrance.scotton@exprealty.com +1(626) 788-9299

$1,550,000

Est. payment - /mo

5 Beds

3 Baths

1,911 SqFt

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OPEN HOUSE

Sat Nov 23, 1:00pm - 4:00pm

Sun Nov 24, 1:00pm - 4:00pm

UPDATED:

11/20/2024 08:22 PM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,911 sqft

Price per Sqft $811

MLS Listing ID 24-457023

Style Bungalow

Bedrooms 5

Full Baths 3

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1904

Lot Size 4,496 Sqft

Acres 0.1032

Property Description

Just moments from the iconic Paramount Studios, this stunning property offers a seamless blend of modern living and income-generating potential making it an ideal opportunity for entertainment industry professionals, savvy investors, young families, and entrepreneurs. The fully renovated 3-bedroom, 2-bathroom main house boasts an open-concept layout with premium finishes throughout. The spacious design features gorgeous hardwood flooring, recessed lighting, and sleek black-framed dual-pane windows, creating a bright and inviting atmosphere. The chef's kitchen is a showstopper, with custom white shaker cabinets, luxurious countertops, and top-tier appliances, providing both style and functionality. The updated bathrooms exude modern sophistication, with chic tile work and high-end fixtures that elevate the space.In addition to the main home, this property includes a spacious 2-bedroom, 1-bathroom ADU (Accessory Dwelling Unit), offering its own kitchen and utilities a perfect source of rental income. In today's market, you could easily rent the ADU for upwards of $3,300 per month, helping offset high-interest mortgage rates and creating a steady stream of passive income. Perfect for Entertainment Professionals, Investors, and Families. Whether you're seeking a home near your studio, a creative sanctuary, or an income-generating investment in the heart of Hollywood, this location offers unmatched convenience. The ability to rent the ADU while enjoying the main house provides an ideal opportunity for both personal use and income generation in one of Los Angeles' most desirable neighborhoods. This flexibility allows you to settle in a vibrant community with great amenities and schools. A Rare Opportunity in a High-Demand Market, With limited inventory in the Hollywood Media District, properties like this are hard to come by. Whether you're an entertainment professional looking for proximity to work, an investor seeking income potential, or a young family looking to thrive in a sought-after neighborhood, this property offers a rare chance to secure a beautiful home that not only meets your living needs but also offers significant financial upside. Live, earn, and build wealth take advantage of this unique opportunity today.

Location

State CA

County Los Angeles

Area Hollywood

Zoning LAR3

Rooms

Other Rooms GuestHouse

Dining Room 0

Kitchen Ceramic Counters

Interior

Heating Central

Cooling Central

Flooring Wood, Wood Laminate

Fireplaces Type Fire Pit, Gas

Equipment Barbeque, Dishwasher, Dryer, Freezer, Microwave, Washer, Range/Oven

Laundry Room

Exterior

Garage Driveway, Gated

Garage Spaces 2.0

Fence Wood

Pool None

View Y/N Yes

View City Lights

Roof Type Asphalt, Shingle, Tar and Gravel

Handicap Access None

Building

Lot Description Landscaped, Gutters, Alley Paved, Automatic Gate, Wooded, Walk Street, Street Lighting, Fenced

Story 1

Water Water District

Architectural Style Bungalow

Level or Stories One

Structure Type Brick

Construction Status Updated/Remodeled

Others

Special Listing Condition Standard

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The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Compass

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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

6029 Eleanor Ave Los Angeles, CA 90038

Terrance Scotton, Broker Associate

Terrance Scotton, Broker Associate

OPEN HOUSE

Key Details

Location

Rooms

Interior

Exterior

Building

Others