936 S Lucerne BLVD new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90019
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,876 sqft
Price per Sqft $743
MLS Listing ID 25511719
Bedrooms 4
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1922
Lot Size 6,011 Sqft
Property Description
Located in the desirable Windsor Village/Hancock Park neighborhood which is renowned for its rich history and architectural charm, making this prime location! ~This Spanish-Style Duplex on a beautiful Tree-Lined Street, offers a fantastic opportunity for owner-users and investors alike ~ Zoned R2-HPOZ ~The property features two side-by-side identical units, each with 2 bedrooms, 1.75 baths, and private security gated entry for each unit ~INTERIOR FEATURES: Upgraded kitchens, bathrooms, flooring, and some windows, plumbing and electrical ~Spacious kitchens with washer & dryer hookups in both units ~EXTERIOR FEATURES: Unit #936 has a private long/narrow side yard ~Unit #938 has access to a long shared driveway with ample parking ~Detached two-car garage, previously used as a studio rental, offers potential for ADU conversation. INVESTMENT & OWNER-USER POTENTIAL: Both units are currently rented well below market value, presenting an immediate upside of potentially $2,000 + per month of rental upside income with rent adjustments to current market rates ~Value-add opportunity through renovations and rental adjustments for increased long-term returns ~Seller may offer a CLOSING COST CREDIT INCENTIVE to assist with non-recurring closing cost expenses, potentially reducing the buyer's upfront costs, as BUYER'S MAY BE MORE INCLINED TO PROCEED WITH A DEAL THAT OFFERS SOME FINANCIAL RELIEF! PRIME LOCATION: Walking distance to parks, restaurants, and centrally located to everything LA has to offer. Property is being sold in its present "AS-IS" condition and to be delivered with tenants in place. Buyer to verify all information, including permits and zoning. Information deemed reliable but not guaranteed. PLEASE NOTE: DRIVE-BY ONLY, please do not disturb tenants. To respect the privacy of current occupants, property viewings will be scheduled only after an offer has been accepted. All offers to include a viewing contingency to ensure buyer satisfaction. We appreciate your understanding.
Location
State CA
County Los Angeles
Area C18 - Hancock Park-Wilshire
Zoning LAR2
Interior
Heating None
Cooling None
Fireplace No
Exterior
Parking Features Door-Multi,Garage
View Y/N Yes
Attached Garage No
Total Parking Spaces 3
Building
Story 1
Entry Level One
Architectural Style Spanish
Level or Stories One
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 5090023007
Special Listing Condition Standard