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Listed by TONY ROLANDO SERRANO • CENTURY 21 REALTY MASTERS
$679,000
Est. payment /mo
1,331 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,331 sqft
Price per Sqft $510
MLS Listing ID MB-26164928
Year Built 1897
Lot Size 6,250 Sqft
Property Sub-Type Duplex
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Located in the highly sought-after Alvarado Terrace Historic District of Pico-Union, this early-1900s Craftsman presents an exceptional restoration and investment opportunity. Offering approximately 1,331 square feet of living space on a 6,250-square-foot LARD1.5-zoned lot, the property features three bedrooms, two bathrooms, and a large basement with potential for additional living space, a guest suite, or an ADU—subject to city approval, zoning requirements, and historic-district guidelines.
The tenant-occupied residence is presently configured with two independent living areas. The front section includes two bedrooms and one bathroom, while the rear section offers one bedroom and one bathroom. A long central corridor, original character, and large double doors highlight the home's unique Craftsman-era design.
Surrounded by distinctive historic homes and multimillion-dollar properties, this Pico-Union investment property provides convenient access to public transportation, Downtown Los Angeles, Crypto.com Arena, Koreatown, Westlake, Larchmont Village, and Hollywood. With renovation and restoration, the property may offer significant upside potential. The seller suggests a possible after-repair value of approximately $1.2 million; buyers should independently verify projected value, permitted use, zoning, square footage, unit configuration, ADU feasibility, and development potential.
An excellent opportunity for an investor, developer, contractor, or buyer searching for a historic Craftsman home to restore in Central Los Angeles.
The tenant-occupied residence is presently configured with two independent living areas. The front section includes two bedrooms and one bathroom, while the rear section offers one bedroom and one bathroom. A long central corridor, original character, and large double doors highlight the home's unique Craftsman-era design.
Surrounded by distinctive historic homes and multimillion-dollar properties, this Pico-Union investment property provides convenient access to public transportation, Downtown Los Angeles, Crypto.com Arena, Koreatown, Westlake, Larchmont Village, and Hollywood. With renovation and restoration, the property may offer significant upside potential. The seller suggests a possible after-repair value of approximately $1.2 million; buyers should independently verify projected value, permitted use, zoning, square footage, unit configuration, ADU feasibility, and development potential.
An excellent opportunity for an investor, developer, contractor, or buyer searching for a historic Craftsman home to restore in Central Los Angeles.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Interior
Laundry Gas Dryer Hookup, Washer Hookup
Exterior
Parking Features Driveway
Pool None
Community Features Sidewalks, Street Lights
Building
Lot Description 0-1 Unit/Acre
Sewer Unknown
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Nearby Locations
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John R Thompson
Broker/Owner | License ID: 01200900
Broker/Owner License ID: 01200900