1607 Campus, Los Angeles, CA 90041

Description

INSTANT EQUITY OPPORTUNITY: Multi-Unit Investment Property with Built-In Equity PRICED TO SELL | Recently Appraised at $1,645,000.This rare multi-income property presents an exceptional opportunity for investors and multi-generational families seeking immediate equity and multiple revenue streams. INVESTMENT OVERVIEW:The property offers extraordinary income flexibility with its current two-unit configuration & significant future development potential. Owner-occupy the main residence while generating rental income from the permitted attached unit, convert to student housing for Occidental College's consistent rental market, or lease all units separately to maximize returns. The large detached two-car garage presents outstanding opportunities for ADU and JADU conversion subject to city approvals allowing you to add income-generating units that will dramatically boost your ROI. THE MAIN RESIDENCE:Three-bedroom, two-bathroom residence with classic LA architectural character awaiting remodel. Spacious formal living & dining rooms flow into the kitchen with adjacent breakfast area. Three bedrooms, two full baths, and laundry room. This property needs cosmetic work and modernization, creating an excellent value-add opportunity to force appreciation through strategic improvements. PERMITTED ATTACHED CASITA: flexible dual-access design. The ground floor offers a versatile bonus room with private entrance, perfect as a fifth bedroom, office, or Living room with kitchenette. Upstairs is a one-bedroom suite with full bath. This unit connects to the main home via interior door while maintaining independent exterior access for maximum flexibility. Situated within walking distance to Occidental College, this property combines residential tranquility with easy access to Highland Park's vibrant cultural and dining scenes. The generous lot accommodates multiple parking spaces with excellent entertaining and expansion possibilities. An exterior patio with open-style kitchen setup provides an outstanding canvas for upgrades. With strong bones, prime location, and limitless potential for value creation through renovation and development, this represents a rare opportunity to build wealth. The assumable solar system at only $187 monthly adds another layer of value. Acquire this value-add investment property priced for quick close with immediate equity, proven income potential, and a clear path to building generational wealth. Bring your vision and your best offer.

Features

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• 0.17 Acres
• 1 Story