7,962 Sqft Lot
7,962 Sqft Lot
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26176851
Construction Status Building Permit
HOA Y/N No
Year Built 2018
Lot Size 7,962 Sqft
Property Sub-Type Apartment
Property Description
THE HOMES: Two two-story duplex buildings hold four oversized one-bedroom, two-bath residences of 1,010 to 1,073 square feet — nearly double the footprint of the typical East Hollywood one-bedroom — each a townhome-style layout with a bath on each level, its own garage, central heat and air, in-unit washer and dryer, and dishwasher. A fully detached 1,291 square foot two-bedroom, two-bath house with two assigned parking spaces completes the compound. Every home lives like a house: three separate buildings, no shared lobbies, no long corridors.
WHY IT IS RARE: Built ground-up in 2018, the property sits entirely outside the LA Rent Stabilization Ordinance — ZIMAS confirms no RSO by APN — and the AB 1482 new-construction exemption keeps it outside statewide caps until roughly 2033. Nearly every competing five-unit nearby dates from 1912 to 1961. No soft-story retrofit, no galvanized plumbing, no knob-and-tube: the capital-expenditure profile of a new building carrying the income of five homes.
THE OPPORTUNITY: A turn-key income property for an exchange buyer on a deadline or a long-horizon private investor — and a possible path for an owner to occupy one home while the other four produce income, subject to existing tenancies. At five doors, it is also an approachable first income property. One owner since construction, professionally managed from day one, with complete work order and collections records that demonstrate diligence to the buyer.
THE LOCATION: Virgil Village adjacent, between Silver Lake and the Hollywood studio corridor — a short walk to the Metro B Line at Vermont and Santa Monica, minutes to Sunset Junction and Los Feliz.
NEXT STEP: Offering Memorandum, measured floor plans, and lease files available upon request.
Location
State CA
County Los Angeles
Area 637 - Los Feliz
Interior
Interior Features Balcony, Block Walls, Open Floorplan, Quartz Counters, Recessed Lighting, All Bedrooms Down, Walk-In Closet(s)
Heating Central
Cooling Central Air
Flooring Laminate
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Tankless Water Heater, Vented Exhaust Fan, Dryer, Washer
Exterior
Parking Features Assigned
Garage Spaces 4.0
Garage Description 4.0
Fence Block, Wood
Pool None
Community Features Curbs, Park, Street Lights, Sidewalks, Urban
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N Yes
View Hills
Roof Type Bitumen,Flat
Total Parking Spaces 6
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Modern
Level or Stories Two
New Construction No
Construction Status Building Permit
Others
Senior Community No
Tax ID 5542019027
Security Features Closed Circuit Camera(s),Security Gate,Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange, Submit
Listing Terms Cash, Cash to New Loan, 1031 Exchange, Submit
Special Listing Condition Standard
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