Under Contract
4267 S Victoria Ave
View Park CA, 90008
$1,119,000
$468.20 per sqft
Under Contract
5 Beds
3 Baths
2,390 sqft
Residential
Built in 1936
Location, location, location. This is a major value add or owner occupy opportunity in this Spanish style duplex, two separate units w no common wall and its own private yard in the historical View Park neighborhood. Whether owner occupied, short term or long terms hold investors this incredible value opportunity is right here. this is a dream scenario for owner occupiers. Obtain a lower rate via residential financing, live in a gorgeous home, & have the other tenant contribute to the mortgage: the most economical way to live in LA! Plus, with potential to add an ADU. For owner users to enhance their investment, the owner, their parents, or children plan to reside in the larger downstairs unit for a two-year period, they can take possession of the unit. This can be accomplished by providing the tenant with a 60-day notice & paying a relocation fee of $18,971.00. Once the two-year residency requirement is met, the owner has the option to release the unit at the market rent to a third party, which would result in an increase in overall value & also have an opportunity to update units and maximize return value on rent. If you are an investor looking for a strong return & major appreciation potential, this property checks that box as well surrounded by multimillion dollar homes with a new list 5 doors down for 2m showing what can be done in premier neighborhood. The units have maintained all of its Spanish character. They boast spacious floor plans, plentiful windows letting in ample natural lighting, hardwood flooring, original arches, breakfast nooks, service area with their own washer and dryer hook ups and access to their own private backyards. A new roof and new sewer line was put in a year ago. Between the ideal central location and the unbeatable curb appeal, this property is your chance to own a stable asset in LA that we predict will increase in value year after year.
24-373793
MLSⓇ ID
March 31, 2024
Listed
May 11, 2024
Updated
Map
4267 S Victoria Ave
View Park CA, 90008
Interior Features
Total Stories
0
Bedrooms
5
Total Bathrooms
3
Interior Features
Coffered Ceiling(s), Detached/No Common Walls, Plaster Walls, Furnished
Appliances
Garbage Disposal, Gas Dryer Hookup, Washer, Refrigerator, Range/Oven, Microwave, Dryer, Cable
Laundry Description
Laundry Area, Inside, In Unit
Floor Description
Mixed, Hardwood, Laminate, Vinyl Tile, Wood Laminate, Wood, Ceramic Tile
Fireplace
Yes
Fireplace Description
Living Room, Gas, Gas and Wood, Wood Burning
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Wall, Fireplace, Wood, Wall Gas
Exterior/Building Features
Lot Size
0.16 Acres
Lot Features
Lawn, Front Yard, Lot Shape-Rectangular, Utilities - Overhead, Street Asphalt, Single Lot, Sidewalks, Walk Street, Yard, Back Yard, Fenced Yard, Fenced
Architectual Style
Spanish
Roof
Clay, Flat, Spanish Tile
Sewer
In Street
School Information
School District
Los Angeles Unified
Other Property Details
Area Name
Park Hills Heights
Days on Market
36
Association Amenities
None
Garage
Yes
Garage Spaces
2
Parking
Detached, Driveway, Covered Parking, Garage - 2 Car, Driveway - Concrete
Parking Total
2
View
No
View Description
None
County
Los Angeles
Water Source
District, Public
Pool
No
Pool Features
None
Zoning
LCR1*
Listing History
Date | Event | Price |
---|---|---|
5/11/2024 | Under Contract | — |
Listed by James Hill with Universal Asset Mngmt & Inv.
Listing Contact: 800-259-9597
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Robyn Calvin | CA DRE# 01988615 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 5/11/2024