808 Alendale
Los Angeles, CA 90036
Pending for $1,675,000
Beds: 7 Baths: 4 Structure Size: 3,194 sqft Lot Size: 5,738 sqft
| MLS | SR24188107 |
| Year Built | 1949 |
| Property Type | Triplex |
| County | Los Angeles |
| Status | Pending |
| Pending | $1,675,000 |
| Structure Size | 3,194 sqft |
| Lot Size | 5,738 sqft |
| Beds | 7 |
| Baths | 4 |
Description
Incredible Opportunity for a TIC Conversion, Owner/Users, Multiple Generations, or Investors to own a 3-unit property in the coveted Miracle Mile district. Significant value-add potential via interior/exterior updates or a TIC conversion. This is a value-add opportunity with NOW 2 Units Vacant. This income property boasts a strong unit mix consisting of (1) a large 3 bedroom + 1.5 Bathrooms unit (approx. 1200 sq ft), (1) an upgraded 2 bedrooms + 1 bathroom (approx. 933 sq ft), and (1) 2 bedroom + 1 bathroom (approx. 1080 sq ft). The property has three 1-car garages and a dedicated laundry room for additional income. Hardwood flooring throughout with tons of midcentury charm. Triplex is located in an ‘A’ rental market that is consistently sought-after by high-income young professionals. Located moments from Museum Row, which includes LACMA, The Academy Museum of Motion Pictures, The Petersen Automotive Museum, and La Brea Tar Pits. There are endless opportunities for world-class shopping, dining, and entertainment options with a walk score of 91 (walker’s paradise) yet on a quiet street. A short distance away at The Grove/Farmer's Market, Beverly Center, Cedars-Sinai, and Koreatown. The property has easy access to UCLA, USC, Downtown LA, and the 10 Freeway. The Purple Line Subway station is close by and is scheduled to open in 2025. This line will go from Downtown to Westwood and will provide added value to the future property owner and the entire neighborhood. This is an ideal investment for an owner/user or operator seeking a single-family home or condo alternative. It is a stable investment opportunity with long-term wealth preservation and appreciation.
Listing information courtesy of: Natalie Alchadeff, Equity Union . *Based on information from the Association of REALTORS/Multiple Listing as of 11/27/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Ray Cruz III
REALTOR®
Direct: 818.427.6876
Email: Email Me
DRE: 02107744
DRE #01873088
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