Active

4267 S Victoria Ave

View Park CA, 90008

$1,119,000


$468.20 per sqft

Active

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 9, 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

30


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*

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 5/9/2024

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