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For SaleLuxury

$1,500,000

1,559 sqft$962/sqft48 days on market

1032 4th Avenue

Los Angeles, CA 90019

· 8% down, 7% APR, 30yr fixed

4

Beds

4

Baths

1,559

Square feet

1921

Built

Listing narrative

Description

Nestled in a quiet and desirable neighborhood, this unique property offers flexible living arrangements and excellent income potential. Thoughtfully remodeled approximately four years ago, the main residence was configured into two separate living areas, with a front 1-bedroom, 1-bath unit currently rented for $1,900/month and a rear 2-bedroom, 2-bath owner-occupied unit. An additional converted garage offers a 1-bedroom, 1-bath space currently rented for $1,700/month, generating approximately $3,600/month in total rental income.The partition separating the main residence can be removed to restore a more open configuration, subject to buyer verification. Public records reflect a 3-bedroom, 1-bathroom Single Family Residence. The property is currently configured and used as 4 bedrooms and 4 bathrooms, with certain improvements and configurations being unpermitted. Buyer to independently verify all permits, bedroom/bathroom count, square footage, zoning, use, and legality of existing improvements with the appropriate governmental agencies. Property can be delivered vacant at Close of Escrow. Conveniently located near restaurants, hospitals, markets, and other everyday amenities. Features include a tankless water heater and a versatile layout offering multiple possibilities for an owner-user or investor. Property is located within a Historic Preservation Overlay Zone (HPOZ); buyer to independently verify all applicable restrictions, requirements, and guidelines with the City/County.

Listing agent (MLS): Austin Kim · Listing brokerage (MLS): Solomon Realty

Property Details

Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.

Price

$1,500,000

Beds

4 bd

Type

House

Home Size

1,559 sqft

Baths

4

Lot Size

0.16 acres

Year

1921

Status

For Sale

Days on Market

48

$ / Sqft

$962

· 8% down, 7% APR, 30yr fixed
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Courtesy of Solomon Realty