Sold: Jun 23, 2021
Address
2325 Laverna Avenue Los Angeles, CA
Price
$ 1,266,525
Property Attributes
  • MLS#21721416
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • Zip90041
  • Style
  • Price$ 1,266,525
  • Bedrooms4
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage2000
  • Lot Size7,204 SqFt
Listing Provided Courtesy Of:
Cyril Saelens with Keller Williams Realty Los Feliz.
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

Property was Ellis Act on Feb 2020 to be converted as T.I.C. units. 4-unit property located in a great residential area of Eagle Rock within short distance to restaurants, cafes and shops on Colorado Blvd. Completely detached 1bd-1ba 500 sqft Spanish style houses (no common wall). 4 x 1-car garage at the back of the driveway currently used as storage (plenty of parking in the street). Perfectly maintained (recent roof foam insulation, new windows, EQ retrofitted, new driveway) and manicured landscape. One unit is vacant and being remodeled (expected to be completed by May 10th). Another unit will become vacant and ready for renovation by mid-May. The 2 other units are still occupied by current tenants paying $1400 & $1900/mo + 1 garage separately rented for $200/mo. One of these occupied units was remodeled in 2018 (see photos). Ellis Act fees and Tenant relocation assistances already taken care of. Complete the renovation and expect to sell each house as T.I.C unit for $440k-$470k. This property could also be a great opportunity for owner & his extended family occupying all units. Located within the acclaimed Eagle Rock school district and less than a mile from Occidental College. No sign on property. Do not disturb tenants or walk on property.

Price History
4/20/2021 Listed $1,299,000

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90041

Price
AVG $1.53M
$1.27M

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