4267 Victoria Avenue, View Park

$1,119,000

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5 Beds
2 Baths
2,390 Sqft
.16 Acre
2 Garages

Location, location, location. This is a major value add or owner occupy opportunity in this Spanish style duplex, two separate units w no common wall and its own private yard in the historical View Park neighborhood. Whether owner occupied, short term or long terms hold investors this incredible value opportunity is right here. this is a dream scenario for owner occupiers. Obtain a lower rate via residential financing, live in a gorgeous home, & have the other tenant contribute to the mortgage: the most economical way to live in LA! Plus, with potential to add an ADU. For owner users to enhance their investment, the owner, their parents, or children plan to reside in the larger downstairs unit for a two-year period, they can take possession of the unit. This can be accomplished by providing the tenant with a 60-day notice & paying a relocation fee of $18,971.00. Once the two-year residency requirement is met, the owner has the option to release the unit at the market rent to a third party, which would result in an increase in overall value & also have an opportunity to update units and maximize return value on rent. If you are an investor looking for a strong return & major appreciation potential, this property checks that box as well surrounded by multimillion dollar homes with a new list 5 doors down for 2m showing what can be done in premier neighborhood. The units have maintained all of its Spanish character. They boast spacious floor plans, plentiful windows letting in ample natural lighting, hardwood flooring, original arches, breakfast nooks, service area with their own washer and dryer hook ups and access to their own private backyards. A new roof and new sewer line was put in a year ago. Between the ideal central location and the unbeatable curb appeal, this property is your chance to own a stable asset in LA that we predict will increase in value year after year.

Essential Information

MLS® #
24373793
Price
$1,119,000
Bedrooms
5
Bathrooms
2.00
Square Footage
2,390
Acres
0.16
Year Built
1936
Type
Residential Income
Style
Spanish
Status
Active Under Contract

Community Information

Address
4267 Victoria Avenue
Area
PHHT - Park Hills Heights
City
View Park
County
Los Angeles
Zip Code
90008
Senior Community
N

Amenities

Utilities
Overhead Utilities
Parking Spaces
2
# of Garages
2
View
None
Pool
None

Parking

Door-Multi, Driveway, Garage, Concrete, Covered

Garages

Door-Multi, Driveway, Garage, Concrete, Covered

Interior

Interior
Wood, Laminate
Cooling
None
Fireplace
Yes
Fireplaces
Gas, Living Room, Wood Burning
Stories
One

Interior Features

Furnished, Attic, Coffered Ceiling(s)

Appliances

Disposal, Gas Oven, Microwave, Range, Refrigerator, Dryer, Washer

Heating

Fireplace(s), Wall Furnace, Wood

Exterior

Exterior
Stucco, Plaster
Windows
Custom Covering(s), Screens
Construction
Stucco, Plaster
Foundation
Raised

Lot Description

Back Yard, Front Yard, Lawn, Yard, Rectangular Lot

School Information

District
Los Angeles Unified

Additional Information

Date Listed
March 31st, 2024
Days on Market
41
Zoning
LCR1*

Listing Details

Agent
James Hill
Office
Universal Asset Mngmt & Inv.
Property History
Status Changed from Active to Active Under Contract

LISTING MAP

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Based on information from California Regional Multiple Listing Service, Inc. as of May 15th, 2024 at 11:55pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.