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$ 5,500,000
Est. payment | /mo
20 Beds
16 Baths
17,028 SqFt
$ 5,500,000
Est. payment | /mo
20 Beds
16 Baths
17,028 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 17,028 sqft
Price per Sqft $322
MLS Listing ID 24395159
Bedrooms 20
HOA Y/N No
Year Built 1923
Lot Size 0.538 Acres
Property Description
SUBSTANTIAL PRICE ADJUSTMENT!!! This spectacular historic property consisting of three separate buildings with three separate APN numbers was designated with Mills Act status in 2017. It is located in the coveted and historic Preservation Overlay Zone (HBOZ) of Country Club Park. This property known to many as 'the beautiful buildings on the hill', offers expansive city views to its many tenants. It is situated on an enormous 23,000 sq. ft. lot spanning the entire southern side of the block of Country Club Drive between 3rd and 4th Avenue. The buildings were built in 1923 & 1936 by well known architects of that period. The units are large and spacious and total over 17,000 sq. ft. There is an excellent mix of 1,2 & 3 bedroom units, with several being townhouse style. The rents are below market creating a quintessential value-add opportunity for new ownership. The units exude style, character and charm offering a mix of both Mediterranean Revival Style and French Revival Style of architecture. This is an extraordinarily unusual opportunity to purchase this property which has rarely been offered for sale since it was built by its original owner, Edna T. Lux in 1923 and 1936.
Location
State CA
County Los Angeles
Area C18 - Hancock Park-Wilshire
Zoning LARD1.5
Interior
Heating Gravity
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Dishwasher, Dryer
Exterior
Parking Features Attached Carport
View Y/N Yes
View City Lights
Attached Garage Yes
Total Parking Spaces 15
Building
Faces North
Story 2
Entry Level Two
Sewer Other
Architectural Style Mediterranean
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5081015019
Special Listing Condition Standard
Listed by Carolyn Schneider • Miller & Desatnik Realty Co.