Discover an exceptional Picfair Village duplex now on the market for the first time in over 17 years, offering a rare investment opportunity. Minutes away from Culver City, West Hollywood, and Beverly Hills, this property features a mix of units: a 3-bedroom 1.5-bath, and a 2-bedroom 1-bath, each designed to maximize comfort and appeal to a wide range of tenants. Each unit has its own private outdoor space making this an attractive duplex for owner-occupants or investors. The units have a history of generating significant income through short-term monthly rentals. The property includes stamped and APPROVED plans to convert the garage into a luxurious 2-bedroom, 2-bath Accessory Dwelling Unit (ADU) with 800 sqft of living space and a rooftop deck with views of Century City. This addition enhances the property's value and promises to increase its income-generating capabilities. Whether you choose to occupy one unit and lease the others, or capitalize on the full rental capacity, this property is poised to deliver an attractive annual income. With the flexibility to adjust rents in line with market conditions, this investment stands out as a not-to-be-missed opportunity for those seeking a property with strong income potential and growth. The neighborhood boasts lots of restaurants and amenities just a short distance away.
Sold for $1,804,000 on 04/09/24
Listing Provided by:
Felipe Crook DRE #02047440 213-268-6832,
eXp Realty of California Inc
Bought with: Compass
$1,804,000
1654 S Stanley Ave, Los Angeles, CA 90019
5beds
3baths
2,208sqft
Duplex
Built in 1932
-- sqft lot
$1,765,200 Zestimate®
$817/sqft
$3,365 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: April 10, 2024 at 09:41pm
Listing Provided by:
Felipe Crook DRE #02047440 213-268-6832,
eXp Realty of California Inc
Bought with:
Tina L. Cameron, DRE #01248345
Compass
Source: CRMLS,MLS#: PW24045370
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Bedroom
- Features: All Bedrooms Down
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Gas Range, Refrigerator, Water Heater, Dryer, Washer
- Laundry: Inside
Features
- Quartz Counters, All Bedrooms Down
- Flooring: Tile, Wood
- Windows: Shutters
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 2,208
- Total interior livable area: 2,208 sqft
Property
Parking
- Total spaces: 2
- Parking features: Driveway
- Garage spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Entry location: Front door
- Pool features: None
- Spa features: None
- Fencing: Block,Chain Link
- Has view: Yes
- View description: None
Lot
- Size: 6,955 sqft
- Features: 2-5 Units/Acre
Details
- Parcel number: 5069016012
- Zoning: LAR1
- Special conditions: Notice Of Default
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Spanish
- Property subtype: Duplex
- Attached to another structure: Yes
Materials
- Foundation: Raised
- Roof: Flat,Tile
Condition
- New construction: No
- Year built: 1932
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected
Community & neighborhood
Community
- Community features: Sidewalks
Location
- Region: Los Angeles
Other
Other facts
- Listing terms: Cash,Cash to Existing Loan,Cash to New Loan
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Estimated market value
$1,765,200