A sought-after classic, sophisticated & curated. A beautifully presented Manhattan Style French Normandy Townhouse Triplex, in the heart of Beverly Grove. Each unit tells its own story, including a stunning rear owner's unit (3 bedrooms + 2.5 bathrooms) that spans three sunlit floors of beautifully renovated living space. Highlights include… Read More a designer chef's kitchen with quartz counters and Viking/Subzero appliances, new baths, refinished oak floors, striking tile and paintwork, and three-zone central HVAC. The first-floor features gracious public rooms that open to a lush, secluded garden with patio seating and a fire pit nestled beneath the trees. The second level offers both primary and secondary bedrooms with a shared Art Deco-style bath. Upstairs, the third level unfolds into a sprawling suite with a family/game room, home gym, large bedroom, and another luxurious bath. Completing the building are two 2-bedroom, 1.5-bath townhomes. The center unit, recently remodeled in the same vein as the owner's unit, offers modern conveniences paired with 1930s charm, including a formal living room, dining room, in-unit laundry, with bedrooms and bath upstairs as well as a large detached four car garage with the opportunity for a 2 bed/2bath ADU (buyer to verify). Delivered with the center unit vacant (most recent rent was $5,500/mo). A perfect owner/user opportunity, or the bread-and-butter investment you've been waiting for. Gross Income: $181,608 (based on center unit's prior rent). Cap Rate of 4.8% based on Property Taxes at 1.25% of List Price and Expenses of $8,862/year ($4,437/year for Insurance, $2,625/year for water, and $1,800/year for gardener). Projected rent(s) are based on voluntary vacancies, if any, that may occur in the property, and are subject to anti-gouging laws, rules and limitations. Buyer to undertake all due diligence regarding such matters, potential rents and state/local rent control/eviction laws, rules and regulations. Buyer to do all diligence with respect to expenses/costs, which may differ from Seller's experience. Seller makes no representations whatsoever as to the foregoing. Read Less
Property listed by Rodeo Realty, Peter Maurice 310-724-7100
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Confirm your time
Fill in your details and we will contact you to confirm a time.
