1964 Palmerston Place Los Feliz, CA 90027
Listing Courtesy of: CRMLS / Luxury Pv Realty / Victor Liu
$1,839,000

  1964 Palmerston Place Los Feliz, CA 90027

Active (27 Days)

Description

Welcome to this extraordinary triplex in the coveted Los Feliz neighborhood of Los Angeles! This property is a true gem, showcasing architectural details from 1936 that will transport you to another era. Whether you're an investor looking for a lucrative opportunity or a homeowner seeking a charming and character-filled residence, this triplex ticks all the boxes. Step inside and be greeted by the original hardwood flooring, exuding warmth and elegance. The custom tiles add an artistic touch, further enhancing the unique appeal of this property. Not only does it exude classic charm, but it also offers peace of mind for the future. Recent upgrades, including termite clearance, a new roof, gutters, and modern plumbing, mean that maintenance costs will be kept to a minimum. Imagine the potential for an Additional Dwelling Unit (ADU). This superb addition not only increases the value of the property but also provides an additional revenue stream. With minimal expenses and excellent tenants already in place, you'll have a solid income winner on your hands. Located in the vibrant Los Feliz neighborhood, this rent-controlled building offers tremendous long-term gain potential. Each unit comes with its own single garage space and storage, providing convenience and further room for value enhancement. With 100% occupancy and low expenses, thanks to loyal and long-term tenants, you're looking at an incredible investment opportunity.

MLS #:
PV23164985
Lot Size
6,738 SQFT
Type
Multifamily
Year Built
1936
County
Los Angeles County
Bathroom Details
Interior Features
  • Laundry: Inside
Lot Information
  • Lawn
  • 0-1 Unit/Acre
Utility Information
  • Utilities: Water Source: Public
  • Sewer: Public Sewer
Stories
  • 2
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Sep 22, 2023
Price Changed
$1,839,000
-5%
-100,000
Sep 03, 2023
Original Price
$1,939,000
-
-
Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/23 10:28 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.