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1614 Grafton Street, Los Angeles, CA 90026
Priced at Only: $1,249,000
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Address: 1614 Grafton Street, Los Angeles, CA 90026
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  • MLS#: 26671257 ( )
  • Street Address: 1614 Grafton Street
  • Viewed: 2
  • Price: $1,249,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1912
  • Bldg sqft: 0
  • Days On Market: 19
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90026
  • Provided by: Silverwood Properties
  • Contact: Ken Ken
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Rare opportunity to own two fully renovated units on one lot with no common walls, offering the feel of two separate homes, located in arguably the most sought after location in prime Echo Park, just one third of a mile north of Sunset Boulevard's vibrant shops and restaurants, and only a 5 minute walk to beautiful 600 acre Elysian Park. Both units are in excellent condition and filled with charm and character, each featuring in unit washer and dryer and private outdoor spaces for added comfort and livability. The property offers a highly desirable double wide driveway, accommodating two cars side by side or up to four cars in tandem an uncommon convenience in this area. One unit is listed at 786 sq ft but includes an additional approximately 120 sq ft loft, bringing the total usable living space closer to 900 sq ft. Recent upgrades include a brand new roof on the rear unit, adding to the property's overall appeal and low maintenance profile. Both units are occupied by long term tenants paying strong rents that are still approximately 15% below current market levels, offering immediate income with future upside potential. Perfect for an investor or owner user looking to live in one unit while renting the other to offset expenses and enjoy a manageable monthly payment. If you are not familiar with the City of LA rules about how to occupy a dwelling as an owner even if it is already occupied by a tenant, please contact me or have your agent contact me and I will walk you/them through the steps of how it is done. It is actually quite simple.
Features
Appliances
  1. Refrigerator
Building Area Total
  1. 1473.00
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Heating
  1. Wall Furnace
Laundry Features
  1. Washer Included
  2. Dryer Included
Levels
  1. One
Netoperatingincome
  1. 57821.00
Parcel Number
  1. 5419015023
Parking Features
  1. Driveway
Postalcodeplus4
  1. 2632
Sourcesystemkey
  1. 26671257:CLAW
Totalexpenses
  1. 31134.00
Uncovered Spaces
  1. 4.00
Year Built
  1. 1912
Zoning
  1. LARD2
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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