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500 Belmont Avenue Los Angeles, CA 90026
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Key Details
Sold Price $975,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID P1-20877
Sold Date 04/18/25
Bedrooms 2
HOA Y/N No
Lot Size 5,213 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Tremendous opportunity to own a charming, very well-maintained, 1920's TRIPLEX with 2 VACANT UNITS! Nestled on a hill at the end of a cul de sac with views of DTLA and Echo Park Lake, the large FRONT 2 BR, 1.5 BA bungalow boasts hardwood floors, original period details, 2 bonus rooms, exterior laundry closet, and a separate workshop currently decorated as a tiki lounge. Behind the shared yard, are 2 REAR detached studios with hardwood floors, views, and mini splits. All units are separately metered. Upgrades include tankless water heater, 2 new roofs, updated wiring, and 2 new foundations. Ideal for an owner user occupant. Solid 1031 investment or live in one and rent the others.
Tremendous opportunity to own a charming, very well-maintained, 1920's TRIPLEX with 2 VACANT UNITS! Nestled on a hill at the end of a cul de sac with views of DTLA and Echo Park Lake, the large FRONT 2 BR, 1.5 BA bungalow boasts hardwood floors, original period details, 2 bonus rooms, exterior laundry closet, and a separate workshop currently decorated as a tiki lounge. Behind the shared yard, are 2 REAR detached studios with hardwood floors, views, and mini splits. All units are separately metered. Upgrades include tankless water heater, 2 new roofs, updated wiring, and 2 new foundations. Ideal for an owner user occupant. Solid 1031 investment or live in one and rent the others.
Location
State CA
County Los Angeles
Area Los Angeles (90026)
Zoning Assessor
Interior
Cooling Central Forced Air
Building
Lot Description Corner Lot, Cul-De-Sac
Story 1
Lot Size Range 4000-7499 SF
Level or Stories 1 Story
Others
Acceptable Financing Exchange
Space Rent $2,050
Listing Terms Exchange
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Bought with San Diego
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Dwaine Smith
Mortgage & Real Estate Consultant | License ID: NMLS 2477181 DRE 02061882