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$ 1,780,000
Est. payment /mo
Active
1631 Granville Avenue Los Angeles, CA 90025
6 Beds
3,989 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 3,989 sqft
Price per Sqft $446
MLS Listing ID CL26988715
Bedrooms 6
HOA Y/N No
Year Built 1959
Lot Size 5,601 Sqft
Acres 0.13
Property Sub-Type OTHER
Property Description
TRUST SALE/PROBATE (NO COURT CONFIRMATION) FIRST TIME OFFERED FOR SALE IN OVER 40 YEARS. TWO UNITS OF THE FOUR UNITS TO BE DELIVERED VACANT! First time offered for sale in over 40 years! Exceptional opportunity to acquire a rarely available multifamily property in the highly desirable Sawtelle/West Los Angeles area. Situated at 1631 Granville Avenue, Los Angeles, CA 90025, this approximately 3,989-square-foot building is situated on an approximately 5,601-square-foot LAR3 lot and offers a compelling combination of immediate rental upside, long-term investment potential and an outstanding Westside location. Two of the four + apartment units will be delivered VACANT at the close of escrow, providing a new owner with the rare opportunity to immediately renovate, occupy and/or lease these units at current market rents without the delay and uncertainty often associated with acquiring a fully occupied Los Angeles multifamily property. Property is being sold As-Is. The property is configured with three very spacious 2-bedroom/1-bath units, one 1-bedroom/1-bath unit, plus an additional permitted guest room without a kitchen. The three occupied spaces are currently rented month-to-month at $1,800, $1,491 and $875 per month, providing substantial long-term rental upside. The $875 tenancy is the guest room. GREAT PARKING FOR 9 VEHICLES CONSISTING OF ONE DOUBLE CAR GARAGE, 2 CAR PORTS, 4 TANDEM PARKING SPOTS AND ONE PRIVATE FRONT PARKING SPOT. An especially interesting feature of this property is the difference between the County Assessor records and the property's CERTIFICATE of OCCUPANCY. Los Angeles County Assessor/public records currently reflect the property as five units, while the Certificate of Occupancy reflects four dwelling units plus a guest room. The guest room does not contain a kitchen. Because the CERTIFICATE OF OCCUPANCY IDENTIFIES FOUR DWELLING UNITS PLUS GUEST ROOM rather than five dwelling units, the property may potentially qualify for 1-4 unit residential financing rather than financing typically associated with a 5+ unit multifamily property. This could provide an attractive financing alternative for qualified purchasers, including potential owner-users. No representation or warranty is made regarding financing eligibility. Buyers should consult directly with their lender and appraiser regarding property classification, loan programs and financing availability. Buyer is advised to independently investigate and verify all information regarding pe
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Wall Furnace
Cooling No Air Conditioning
Fireplace No
Laundry Common Area
Exterior
Total Parking Spaces 9
Building
New Construction No
Others
Tax ID 4262014013
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Listed by Kayo Yoshida • Berkshire Hathaway HomeServices California Properties