Incredible Opportunity for a TIC Conversion, Owner/Users, Multiple Generations, or Investors to own a 3-unit property in the coveted Miracle Mile district. Significant value-add potential via interior/exterior updates or a TIC conversion. This is a value-add opportunity Now 2 units are vacant. This income property boasts a strong unit mix consisting of (1) a large 3 bedroom + 1.5 Bathrooms unit (approx. 1200 sq ft), (1) an upgraded 2 bedrooms + 1 bathroom (approx. 933 sq ft), and (1) 2 bedroom + 1 bathroom (approx. 1080 sq ft). The property has three 1-car garages and a dedicated laundry room for additional income. Hardwood flooring throughout with tons of midcentury charm. Triplex is located in an ‘A’ rental market that is consistently sought-after by high-income young professionals. Located moments from Museum Row, which includes LACMA, The Academy Museum of Motion Pictures, The Petersen Automotive Museum, and La Brea Tar Pits. There are endless opportunities for world-class shopping, dining, and entertainment options with a walk score of 91 (walker’s paradise) yet on a quiet street. A short distance away at The Grove/Farmer''s Market, Beverly Center, Cedars-Sinai, and Koreatown. The property has easy access to UCLA, USC, Downtown LA, and the 10 Freeway. The Purple Line Subway station is close by and is scheduled to open in 2025. This line will go from Downtown to Westwood and will provide added value to the future property owner and the entire neighborhood. This is an ideal investment for an owner/user or operator seeking a single-family home or condo alternative. It is a stable investment opportunity with long-term wealth preservation and appreciation.
Property Details
Price:
$1,675,000
MLS #:
SR24188149
Status:
Active
Baths:
0
Address:
808 Alandele Avenue
Type:
Residential Income
Subtype:
Triplex
Neighborhood:
c17midwilshire
City:
Los Angeles
Listed Date:
Sep 20, 2024
State:
CA
ZIP:
90036
Lot Size:
5,738 sqft / 0.13 acres (approx)
Year Built:
1949
See this Listing
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Schools
Interior
Cooling
Wall/ Window Unit(s)
Fireplace Features
None
Flooring
Wood
Heating
Central
Interior Features
2 Staircases, Beamed Ceilings, Ceiling Fan(s)
Exterior
Community Features
Curbs, Sidewalks, Street Lights, Urban
Exterior Features
Awning(s)
Garage Spaces
3.00
Lot Features
2-5 Units/ Acre
Parking Features
Garage, Garage Faces Front
Parking Spots
3.00
Pool Features
None
Sewer
Public Sewer
Spa Features
None
Stories Total
2
View
None
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
Electricity, Gas, Trash Collection
Utilities
Sewer Available, Water Available
Map
Community
- Address808 Alandele Avenue Los Angeles CA
- AreaC17 – Mid-Wilshire
- CityLos Angeles
- CountyLos Angeles
- Zip Code90036
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Courtesy of Equity Union. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
808 Alandele Avenue
Los Angeles, CA
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