2672 Newell, Los Angeles, CA 90039

Description

Two homes on one lot in the highly desirable Elysian Valley (aka Frogtown), featuring separate addresses and separate meters. The front home has been remodeled and expanded, while the rear home is a newer ADU built in June 2022. Situated on R2 zoning, this property offers exceptional flexibility for owner-occupants, investors, or multi-generational living. This property presents a rare opportunity for both lifestyle and income — ideal to live in one and rent the other, or rent both units. Estimated rental income is approximately $8,000+ per month, offering strong cash flow potential. Located in one of LA’s most vibrant and rapidly growing neighborhoods, enjoy close proximity to the LA River bike path and popular local hotspots including Salazar, Frogtown Brewery, and La Colombe. The front unit features 3 bedrooms and 2 bathrooms, including one primary suite. The rear unit offers 2 bedrooms and 2 bathrooms, including one primary suite, along with a single-car garage and a private rooftop deck. Both homes are fully detached with no common walls, providing excellent privacy. These modern and stylish residences have been thoughtfully upgraded with tasteful finishes and designer-inspired details throughout. Each unit offers a bright, open, and airy floor plan with well-designed living spaces and kitchens. The front patio is perfect for outdoor entertaining, while the rear rooftop deck provides an incredible setting to relax, host guests, and enjoy city views, including Dodger Stadium fireworks and Fourth of July celebrations. A rare opportunity to own a beautifully updated income-producing two-unit property in an exceptional location.

Features

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• 0.12 Acres
• 1 Story