Located on the esteemed 1300 block of Carroll Avenue within the Angelino Heights HPOZ, this stately 1912 Victorian multifamily residence stands as a rare offering in one of Los Angeles’ most architecturally significant enclaves. Angelino Heights holds the distinction of being the city’s first designated HPOZ, and Carroll Avenue is internationally recognized for its concentration of preserved Victorian homes – so much so that the entire block was listed on the National Register of Historic Places in 1976. Spanning approximately 4,369 square feet, the property comprises four 1-bedroom, 1-bathroom units, all housed within a grand Victorian structure rich in period details. A gracious common interior area sets the tone, featuring elegant wainscoting, a beautifully crafted hardwood staircase with bespoke detailing, and a dramatic wood-coffered ceiling that speaks to the home’s early 20th-century craftsmanship, providing entry to all units. Units 1 and 2 are located on the main level, and Units 3 and 4 are on the upper level. Each apartment features a living room, kitchen, bedroom, and bathroom. The architectural integrity of the building has been thoughtfully maintained, offering residents and investors alike a tangible connection to Los Angeles’ Victorian-era history while providing functional multifamily living. This fully tenant-occupied property presents a compelling investment opportunity in a highly sought-after hilltop neighborhood. Current gross rents are approximately $7,600 per month, with strong upside potential, and projected market rents are estimated at approximately $11,400 per month ($136,800 annually). Each unit is separately metered for gas and electric, while the housing provider covers water and trash. Additional amenities include a lower-level basement with coin-operated laundry, parking along the extended driveway, and a detached two-car garage. As an approved Mills Act property, ownership may benefit from significant property tax savings, further enhancing both long-term value and investment appeal. Angelino Heights is celebrated for its collection of Victorian-era architectural styles, many of which remain among the finest examples in the city. The location places this property just minutes from Echo Park, Silver Lake, and Downtown Los Angeles, with convenient access to major transit corridors and Sunset Boulevard. Nearby highlights include the Friday afternoon farmers market, local favorites like The Lonely Oyster and Quarter Sheets, evenings at Dodger Stadium, and the eclectic mix of shops, cafes, and nightlife that define the surrounding neighborhoods. Whether held as a long-term investment or reimagined as a future owner-user opportunity, this landmark Victorian on Carroll Avenue offers architectural pedigree, income potential, and a truly iconic Los Angeles setting.