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1327 Pennsylvania Avenue

Los Angeles (City), CA 90033
  • $1,099,000
  • STATUS: Active Under Contract
  • ON SITE: 109 Days
  • ID#: DW24037363
Under Contract
UPDATED: 142 min ago
$1,099,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1924
County:

School Ratings & Info

Listing Agent(s): Jose Leiva of Century 21 Allstars (562-863-2121)


Description

Million Dollar DTLA Skyline Views! Situated one exit away from DTLA off the 101 freeway in the heart of Boyle Heights and in one of its most view-friendly streets just outside of Downtown LA. This property stands as a testament to the neighborhood's rich history and promising future. Escape run of the mill and rushed back to market properties as this one has not been on the market for over 21 years. Sewer upgrade done 9 years ago. The 4 bedroom is also for lease at $4100/monthly. Lease or buy whichever occurs first. The 3 bedroom occupied by long term tenants. Immerse yourself in a living masterpiece where historic architectural features harmonize seamlessly with contemporary conveniences. The 4 bedroom side of duplex professionally updated, remodeled and reimagined with the services of both an architect (kitchen and garage) and also a designer (colors, wallpaper and all else) were engaged to offer a unique blend of old-world charm and modern sophistication. As you enter the front door, be greeted by the warm glow of new lighting fixtures perfectly complementing the timeless design of the home. Experience the allure of refurbished hardwood floors meticulously restored in the stairs, living and dining room areas leading you through rooms framed by wood moldings that have been painstakingly scraped, restored, and re-varnished to breathe life back into their exquisite craftsmanship echoing the elegance of a bygone era. Discover the luxury of a double oven, a true rarity, alongside a microwave, a slick vent hood, and electric range cooktop and designer grade tiles with custom made cabinets and quartz countertop. Benefit with peace of mine from the City of L.A. Building and Safety's recent closed (not just pulled) Year 2023: adding 2 downstairs baths(1 each unit), update kitchen electricals, installing 2 new water heaters, range hood. Year 2021: permit for extra electric meter for common areas. The shared basement access houses a washer/dryer, fostering a sense of community with the next-door neighbor. Say goodbye to parking issues with the private garages included with this residence. Make this your next residence and enjoy the captivating views of the Downtown skyline and say goodbye to long commutes as you choose to be closer to all Downtown has to offer. Come take a look but leave your shoes at the front and experience the beauty of the downstairs refurbished hardwood. Interior pics of 1329 Penn. only (4 bed unit).

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-12T09:29:46.44. 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 deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
www.kevinhillre.com/homes/147854871
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1327 Pennsylvania Avenue Los Angeles (City), CA 90033

  • Price: $1,099,000
  • Status: Active Under Contract
  • On Site: 109 Days
  • Updated: 142 min ago
  • ID#: DW24037363
0
Beds
0
Baths
0
½ Baths
0.13
Acres
1924
Built
Neighborhood:
BOYH - Boyle Heights
County:
Los Angeles
Area:
BOYH - Boyle Heights
Property Description
Million Dollar DTLA Skyline Views! Situated one exit away from DTLA off the 101 freeway in the heart of Boyle Heights and in one of its most view-friendly streets just outside of Downtown LA. This property stands as a testament to the neighborhood's rich history and promising future. Escape run of the mill and rushed back to market properties as this one has not been on the market for over 21 years. Sewer upgrade done 9 years ago. The 4 bedroom is also for lease at $4100/monthly. Lease or buy whichever occurs first. The 3 bedroom occupied by long term tenants. Immerse yourself in a living masterpiece where historic architectural features harmonize seamlessly with contemporary conveniences. The 4 bedroom side of duplex professionally updated, remodeled and reimagined with the services of both an architect (kitchen and garage) and also a designer (colors, wallpaper and all else) were engaged to offer a unique blend of old-world charm and modern sophistication. As you enter the front door, be greeted by the warm glow of new lighting fixtures perfectly complementing the timeless design of the home. Experience the allure of refurbished hardwood floors meticulously restored in the stairs, living and dining room areas leading you through rooms framed by wood moldings that have been painstakingly scraped, restored, and re-varnished to breathe life back into their exquisite craftsmanship echoing the elegance of a bygone era. Discover the luxury of a double oven, a true rarity, alongside a microwave, a slick vent hood, and electric range cooktop and designer grade tiles with custom made cabinets and quartz countertop. Benefit with peace of mine from the City of L.A. Building and Safety's recent closed (not just pulled) Year 2023: adding 2 downstairs baths(1 each unit), update kitchen electricals, installing 2 new water heaters, range hood. Year 2021: permit for extra electric meter for common areas. The shared basement access houses a washer/dryer, fostering a sense of community with the next-door neighbor. Say goodbye to parking issues with the private garages included with this residence. Make this your next residence and enjoy the captivating views of the Downtown skyline and say goodbye to long commutes as you choose to be closer to all Downtown has to offer. Come take a look but leave your shoes at the front and experience the beauty of the downstairs refurbished hardwood. Interior pics of 1329 Penn. only (4 bed unit).
Exterior Features

Entry Level 1 Entry Location 1st floor Lot Features 0-1 Unit/AcreYard Number Of Separate Electric Meters 2 Parking Total 4 Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No

Interior Features

Appliances Double OvenElectric RangeMicrowave Common Walls 1 Common Wall Cooling Ductless Cooling YN Yes Fireplace Features Decorative Fireplace YN Yes Heating Ductless Heating YN Yes Interior Features Quartz CountersAll Bedrooms Up

Property Features

Additional Parcels YN No Cap Rate 5.8 Common Interest None Community Features Urban Electric Expense 39 Garage YN Yes Gross Income 150 Gross Scheduled Income 6152 Insurance Expense 100 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional1031 ExchangeFHAFreddie Mac Net Operating Income 5692 New Construction YN No Number Of Separate Gas Meters 2 Number Of Separate Water Meters 0 Operating Expense 460 Property Condition Repairs Major Property Sub Type Duplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Trash Expense 76 Vacancy Allowance 122 Vacancy Allowance Rate 2 Water Sewer Expense 165 Water Source Public Zoning LARD1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-12T09:29:46.44. 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 deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
 
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Berkshire Hathaway HomeServices California Properties
25909 Pala Dr, Suite 100
Mission Viejo CA, 92691
Listing Agent(s): Jose Leiva of Century 21 Allstars (562-863-2121)