8576 Horner St, Los Angeles, CA 90035

8576 Horner St, Los Angeles, CA 90035

Los Angeles, CA
$1,500,000

Property Description

Immerse yourself in the allure of this captivating Spanish-style duplex, gracefully situated in the highly coveted Pico-Robertson neighborhood within the esteemed Beverlywood vicinity. This enchanting property, delivered 100% vacant, boasts recent electrical upgrades in both units, along with new sewer and copper plumbing, ensuring modern comfort and convenience. Discover the charm of each unit, adorned with large windows that fill the living spaces with natural light, 10 ft ceilings in the living rooms, and updated kitchens featuring kitchen nooks, wood floors, and laundry hookups for added functionality. Both the top and bottom units grant access to private back doors, providing a seamless transition between indoor and outdoor living. The top unit, offering 2 bedrooms and 1 bathroom, mirrors the layout of the equally inviting bottom unit, which boasts 2 bedrooms and 1.25 bathrooms. Both units are meticulously designed, with the only distinction being the bottom unit’s conversion of a portion of the primary bedroom’s closet into an additional bathroom. As a unique bonus, a vacant non-conforming ADU is attached to the garage in the rear, offering endless possibilities. This 1 bed + 1 bath ADU presents an exciting opportunity for expanded living space or potential rental income. With an estimated investment of approximately $100,000 for permitting, this additional space opens the door to expanded potential and versatile usage, making it an excellent opportunity for those seeking a tailored living experience. Don’t miss the chance to own a residence where modern amenities seamlessly blend with Spanish-style charm, creating a timeless and inviting atmosphere. Your dream home awaits in this meticulously upgraded and thoughtfully designed duplex.

Property Features

  • Sale Price: $1,500,000
  • Area Size: 2,926 Sq. Ft.
  • Land Area: 6,002 Sq. Ft.
  • Year Built: 1929
  • Listing Date: 1/15/2023
  • Closing Date: 3/07/2024
  • Units: 2
  • Current GRM: 14.45
  • Current Cap Rate: 4.95%
  • Price Per Unit: $797,500
  • Market GRM: 14.45
  • Market Cap Rate: 4.95%
  • Current NOI: $78,885