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1071 S Crescent Heights Blvd - 1930s Duplex on Iconic Crescent Heights Blvd. 2 Unit Apartment Building Offered at $1,775,000 Los Angeles, CA 90035
Investment Highlights
- Architecturally Significant Spanish Duplex located in the heart of Carthay Square
- ADU Potential in the rear (Buyer to Verify)
- Spacious 3-Bedroom units averaging over 1,700 SF per unit
- Located on a gorgeous stretch of Crescent Heights Blvd just South of Olympic
Executive Summary
Presenting an exceptional Spanish Duplex located in the heart of Carthay Square, perhaps one of the most architecturally significant areas in all of Los Angeles. 1071-73 Crescent Heights Boulevard is a 3,587 SF property, comprised of two 3-Bedroom units averaging over 1,700 SF per unit. Built in 1933, this charming duplex property exudes timeless 1930s appeal. Zoned R2-1-O-HPOZ, it is positioned within the dynamic landscape of Los Angeles, with the potential for Accessory Dwelling Units to be constructed in the rear (Buyer to Verify). This property embodies historical charm, making it an attractive proposition for the astute investor seeking a prime asset in such a finely-appointed pocket of Los Angeles. Both units feature spacious layouts, original decorative tile in the kitchens and bathrooms true to the property's 1930s roots - along with updated electrical subpanels and in-unit Washer/Dryers. The property is fully-tenanted and will be delivered as such.
Property Facts
| Price | $1,775,000 | Lot Size | 0.15 AC |
| Price Per Unit | $887,500 | Building Size | 3,587 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1933 |
| Zoning | R2-1-O-HPOZ | ||
| Price | $1,775,000 |
| Price Per Unit | $887,500 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Lot Size | 0.15 AC |
| Building Size | 3,587 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1933 |
| Zoning | R2-1-O-HPOZ |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | - | 1,700 |
1 1
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5087-013-029 | Improvements Assessment | $395,086 |
| Land Assessment | $1,407,161 | Total Assessment | $1,802,247 |
Property Taxes
Parcel Number
5087-013-029
Land Assessment
$1,407,161
Improvements Assessment
$395,086
Total Assessment
$1,802,247
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1071 S Crescent Heights Blvd - 1930s Duplex on Iconic Crescent Heights Blvd.
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