2017 Vestal Avenue, Los Angeles, CA 90026

$1,599,900

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List Price
$1,599,900
Status
ACTIVE
MLS#
PW26158293
Year Built
1965
Lot Size
7,464
Acres
0.17
Lot Location
Paved, Rectangular Lot
Days on Market
4
Property Type
Multifamily
Property Sub Type
Quadruplex
Stories
Two Levels

Property Description

Rare Elysian Heights Fourplex! One VIEW unit is available for immediate occupancy, with a rare opportunity to reside in one residence and generate income from the remaining three. Within this highly sought-after hillside neighborhood this exceptional fourplex delivers the perfect blend of lifestyle, owner-user flexibility, and long-term investment value. The property features an excellent unit mix of (3) spacious 2BD/1BA units and (1) oversized 3BD/2BA unit with its own private patio. The vacant 2BD/1BA unit, situated in one of the most desirable locations within the property, enjoys spectacular downtown Los Angeles skyline views from both the kitchen and its adjacent private balcony. Bright and inviting, the kitchen features granite countertops and stainless-steel appliances. This specific residence has been thoughtfully refreshed with all-new interior paint and carpet, making it move-in ready for immediate owner occupancy or an outstanding opportunity to lease at today's market rents. Significant capital improvements have already been completed, including a new roof and building seismic retrofit in 2019, along with a freshly painted exterior that enhances the property's curb appeal. Additional amenities include a community laundry room, storage and on-site parking for up to eight vehicles, a rare and valuable convenience in this highly desirable neighborhood. Ideally located just moments from Echo Park Lake, Dodger Stadium, Downtown Los Angeles, Silver Lake, and the vibrant restaurants, cafés, boutiques, and nightlife along Sunset Boulevard, this property offers the perfect blend of neighborhood charm and urban convenience. Whether you're looking to live in one unit while enjoying income from the others or seeking a premier multi-family investment, this is a truly exceptional opportunity that rarely becomes available.

Additional Information

Appliances
Gas Cooktop, Range Hood, Vented Exhaust Fan, Water Heater, Dryer, Washer
Pool Description
None
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
View
City Lights, Hills, Panoramic
Exterior Construction
Stucco
Sewer
Public Sewer
Water
Public
Interior Features
Balcony
Attached Structure
Attached
Number Of Units Total
4
Gross Scheduled Income
$99,500
Operating Expense
12500

Listing courtesy of Listing Agent: Carole Geronsin (Carole@TheGeronsins.com) from Listing Office: BHHS CA Properties.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.