For Sale House MLS# 26991239

1032 4th Avenue

Los Angeles, CA 90019

$1,500,000

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About 1032 4th Avenue

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.

Property details

Property

Type
Single Family Residence
MLS type
Single Family Home
Status
Active
Year built
1921
Stories
1
Living area
1,559 sqft
Price / sqft
$962
Lot
0.155
Full baths
1
Furnished
Unfurnished
Original price
$1,500,000
MLS #
26991239

Interior

Features
Living Room, Fireplace
Appliances
Dishwasher, Disposal
Flooring
Wood
Heating
Central
Cooling
Central Air
Laundry
Inside

Exterior & lot

Features
Craftsman, Parking spaces: 2
Construction
1
Lot
LAR1
Parking
Driveway

Schools

District
Los Angeles Unified School District

Financial

Parcel
5081016009
Special conditions
Standard

Location

Area
C18 - Hancock Park-Wilshire
County
Los Angeles
Neighborhood
Arlington-Heights
Directions
West of Arlington Ave & South of Olympic Blvd

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Listed by Austin Kim, Solomon Realty

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.