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Val Ives

val@valerieives.com +1(951) 763-8899

$ 1,350,000

Est. payment | -/mo

4 Beds

3 Baths

2,024 SqFt

Save

$ 1,350,000

Est. payment | -/mo

Save

4 Beds

3 Baths

2,024 SqFt

Open House

Sat May 02, 1:00pm - 4:00pm

Sun May 03, 1:00pm - 4:00pm

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,024 sqft

Price per Sqft $666

MLS Listing ID 26669739

Bedrooms 4

HOA Y/N No

Year Built 1912

Lot Size 6,804 Sqft

Property Description

Income producing opportunity located in East Hollywood's Little Armenia neighborhood directly next to KAISER PERMANENTE, offering strong rental demand and long-term investment potential. The property features a 3 bedroom, 2 bathroom main residence with approximately 1,593 square feet plus a FULLY PERMITTED ADU completed approximately in 2023 offering 1 bedroom, 1 bathroom and approximately 460 square feet for a combined total of approximately 2,024 square feet of living space. Zoned RD1.5-1XL, the property offers additional development potential subject to buyer verification and City of Los Angeles approval. The property was APPRAISED AT $1,590,000 ON 11/12/2025, presenting a compelling value opportunity at the current offering price. The ADU previously generated $1,825 per month, and the front home is projected to achieve approximately $6,000 per month, creating strong income potential for investors or owner-users seeking supplemental rental income. Significant improvements completed approximately in 2023 include a NEW ROOF, NEW HVAC SYSTEM, updated electrical panel with maintenance, exterior and interior paint, replaced blinds, removal of popcorn ceilings with new ceilings installed in the living and dining rooms, and a newly updated full bathroom. Additional improvements include a wheelchair-accessible front entrance ramp, major front foundation repair, and complete termite treatment with attic cleaning. Located in a high-demand rental corridor with close proximity to major employment centers, dining, transit, and central Los Angeles amenities. Property will be DELIVERED VACANT, and seller's personal belongings currently in the property will be removed prior to close of escrow. Property to be sold in its present AS-IS condition. Buyer to verify all information including square footage, permits, zoning, rental income, and development potential.

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning LARD1.5

Rooms

Other Rooms Shed(s)

Interior

Interior Features Ceiling Fan(s)

Heating Central, Wall Furnace

Cooling Central Air

Fireplace No

Appliance Dishwasher, Disposal, Microwave, Refrigerator, Vented Exhaust Fan, Dryer, Washer

Laundry Stacked

Exterior

Parking Features Concrete, Driveway, Electric Gate

Pool None

Private Pool No

Building

Entry Level One

Level or Stories One

Additional Building Shed(s)

New Construction No

Others

Senior Community No

Tax ID 5543007001

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Renee Ryan eXp Realty of Greater Los Angeles #02058023

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(951) 763-8899

val@valerieives.com

27450 Ynez Rd Ste #316 Temecula, CA 92591, USA

1558 N Kenmore AVE Los Angeles, CA 90027