1026 S Crescent Heights
Los Angeles, CA 90035
- Bedrooms
- 6
- Bathrooms
- 4
- Interior
- 4,007 sq ft
- Year Built
- 1932
About this residence
Welcome home to the Highly sought-after Carthay Square. This charming and specious Duplex offers a unique blend of a beautiful Spanish-Style 1930s Classic Home to live in, together with a great, positively cash flowing real estate investment. This Beverly Hills Adjacent area is likely to enjoy an everlasting value. Each unit boasts over 2,000SF of a large home full of light, with 3 bedrooms – 2 baths and an office. Each unit has a formal living room with an impressive fireplace, oversized window that looks over the tree-lined street and a formal dining room with high ceiling and a beautiful chandelier. Each unit has a utility / laundry room that leads to the back door. The property is well maintained by the current owner and shows pride of ownership. The backyard has a private swimming pool. The property comes with two separate 2-car garages, one for each unit. A Savi investor or homeowner may consider the potential of converting the garage into two additional ADUs or building 2 ADUs above the garage for additional income. At the current configuration the duplex has a 5.3% CAP rate, but with the proposed ADUs it can get up to the 7+. The downstairs unit is currently rented at $5,300 per month but the upstairs unit will be delivered vacant for the buyer to either occupy or rent for a similar or a higher rent. A financing scenario that was obtained from a major bank shows the total monthly out of pocket payment for an owner occupied to be $4,628 including Tax and Insurance, with a 20% downpayment (subject to qualification). This is a unique opportunity to have it all in an amazing location in LA, the home is just minutes away from the Beverly Center, The Grove, The Farmers Market, Miracle Mile's museums, Culver City's cultural center, the nightlife of West Hollywood and much more..
Features & finishes
- Balcony,SeparateFormalDiningRoom,EatInKitchen,MultipleStaircases,PrimarySuite,UtilityRoom
Property details
- Status
- For Sale
- Property type
- Single-Family Home
- Price per sq ft
- $499/sq ft
- Days on market
- 27 days
- Year built
- 1932
- HOA fee
- $0/mo
- View
- None
- Parking
- 4 spaces
- Furnished
- No
- Waterfront
- No
- MLS number
- OC26114963
Location & neighborhood
1026 S Crescent Heights, Los Angeles, CA 90035
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Mortgage calculator
- Principal & interest$10,103
- Property taxes$3,030
- Insurance$833
- HOA / fees$0
Estimate only. Taxes, insurance and HOA are approximate.
Listing courtesy of Doron Refael, Broker · MLS OC26114963. Information deemed reliable but not guaranteed; buyers should independently verify all details.
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