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Sold for $950,000 on 05/02/23
  • Listing Provided by: 

    Keaton Quaack DRE #02172607 562-743-8204,

    Lyon Stahl Investment Real Estate, Inc.,

    Joshua Barut DRE #01971720,

    Lyon Stahl Investment Real Estate, Inc.

    Bought with: KW Advisors
    $950,000

    5534 W Geer Ave, Los Angeles, CA 90016

    3beds
    2baths
    1,332sqft
    Duplex
    Built in 1966
    -- sqft lot
    $1,009,200 Zestimate®
    $713/sqft
    $3,495 Estimated rent

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    What's special

    We are pleased to exclusively offer for sale this sleek Duplex located in the lively West Adams neighborhood of Los Angeles. This 4,798 SF Tier 3 TOC Lot runs adjacent to Culver City and is strategically positioned near Amazon Studios, HBO Headquarters, and the La Cienega/Jefferson & Expo/La Brea Transit Stations. The building features a Fully Remodeled Owner’s Unit in the back that will be delivered VACANT. This beautifully designed unit boasts a well-lit and open floor plan, new stainless steel appliances and HVAC system, tasteful finishes and fixtures in both the kitchen and bathroom, and new hardwood/tile flooring throughout. This 793 SF, 1 Bed/1 Bath structure is accompanied by an attached ~160 SF addition (with all the same finishes) that can double as an Office or a 2nd Bdrm. Further, this Back Unit is served by a gated perimeter that provides its occupant w/ a privately secluded, outdoor oasis that is lush with ample outdoor living space, a hip lounge/fireplace area, and gorgeous greenery throughout. In the front half of the lot, there is a detached, 1 Bed/1 Bath Unit that’s been recently renovated and features an open floor plan, laminate flooring, and a large kitchen w/ a breakfast bar and abundant cabinet space. In addition, the tenants have access to a 2-Car Carport and (6) Total Parking Spaces on site, which is especially significant in this parking impacted submarket. Also, there are (2) detached, ~80 SF Storage Units that can most certainly be leveraged for additional income. All in all, the building’s close proximity to USC, DTLA, etc provides much optimism for continued rent growth and appreciation within the submarket in both the near and distant future, especially as it falls in an “Opportunity Zone”.

    Zillow last checked: 8 hours ago

    Listing updated: May 04, 2023 at 03:18pm

    Listing Provided by:

    Keaton Quaack DRE #02172607 562-743-8204,

    Lyon Stahl Investment Real Estate, Inc.,

    Joshua Barut DRE #01971720,

    Lyon Stahl Investment Real Estate, Inc.

    Bought with:

    Richard Schulman, DRE #01427211

    KW Advisors

    Amy Johns, DRE #02055816

    KW Advisors

    Source: CRMLS,MLS#: SB23030132MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    Other
    • Features: Walk-In Closet(s)
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Freezer, Gas Cooktop, Disposal, Gas Oven, Microwave, Refrigerator
    • Laundry: Washer Hookup, Gas Dryer Hookup
    Features
    • Beamed Ceilings, Storage, Walk-In Closet(s)
    • Flooring: Wood
    • Doors: Double Door Entry
    • Windows: Screens
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 1,332
    • Total interior livable area: 1,332 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Carport
    • Carport spaces: 4
    Accessibility
    • Accessibility features: Parking, Accessible Doors
    Features
    • Exterior features: Lighting, Rain Gutters
    • Pool features: None
    • Has spa: Yes
    • Spa features: Above Ground
    • Fencing: Wood
    • Has view: Yes
    • View description: Neighborhood
    Lot
    • Size: 4,798 sqft
    • Features: 0-1 Unit/Acre, Back Yard, Front Yard, Garden, Sprinklers In Front, Landscaped, Near Public Transit, Paved, Rectangular Lot, Rocks, Sprinkler System, Yard
    Details
    • Additional structures: Shed(s), Storage
    • Parcel number: 5048024009
    • Zoning: LARD2
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex
    Condition
    • Updated/Remodeled
    • New construction: No
    • Year built: 1966

    Utilities & green energy

    • Electric: Standard
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available

    Community & neighborhood

    Security
    • Security features: Carbon Monoxide Detector(s), Key Card Entry, Smoke Detector(s)
    Community
    • Community features: Biking, Curbs, Dog Park, Gutter(s), Park, Sidewalks, Urban
    Location
    • Region: Los Angeles

    Other

    Other facts
    • Listing terms: Conventional
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    Estimated market value
    $1,009,200