Los Angeles, CA 90035 1236 Hi Point Street

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Presented By: Samantha Binah with Coldwell Banker Realty;
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# 24385595
  • 04/29/2024
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 4
  • Baths • 2
  • SQFT • 2,880

Home Details

Welcome to 1236 Hi Point, a great investment/development opportunity, located in the Carthay Square Historic District. This 2 unit property with 2 bed, 1 bath each, comes with stamped plans for an ADU (Accessory Dwelling Unit) behind the main building. This offers an excellent opportunity for additional income or flexible living arrangements and presents many possibilities for the savvy investor. Whether you're looking to live in one unit and rent out the other, or plan a renovation project there is great potential. The property is situated in the vibrant Beverly Center-Miracle Mile area, a stone's throw from Beverly Hills. The location offers convenience and modern living, with superb dining, shopping, and entertainment hot spots nearby, including The Beverly Center and The Grove. The property is also near top schools, lush parks like La Cienega, and premier medical facilities including Kaiser West LA. Current rents are below market rate and both units are on month to month lease. The 2 garages that can be reached by the alleyway are the location for the approved ADU. Photos are of the upper unit.
Presented By: Samantha Binah with Coldwell Banker Realty;

Interior Features for 1236 Hi Point Street

Bedrooms

Total Bedrooms4

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths2

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace Y/NNo
FlooringWood
Heating Y/NYes
Interior AmenitiesCeilingFans
Laundry FeaturesNone
Total Stories2

General for 1236 Hi Point Street

Additional Parcels Y/NNo
AppliancesRefrigerator, Dryer, Washer
Attached Garage No
Carport Y/NNo
CityLos Angeles
CoolingNone
CountyLos Angeles
DirectionsJust north of Pico, between Crescent Heights and Fairfax Ave.
Full Baths
Garage Y/NNo
Gross Income33948.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense2369.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet6522.0
Lot Size UnitsSquareFeet
MLS AreaC19 - Beverly Center-Miracle Mile
Maintenance Expense125.0
MobileHomeRemainsYNNo
Net Operating Income10037.0
New ConstructionNo
Number Of Units Total2
Occupancy TypeTenant
Open Parking Spaces2.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerSewerTapPaid
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories Count2
Taxes$18,448
Water Sewer Expense2189.0
Year Built1936
ZoningLAR2

Exterior for 1236 Hi Point Street

Building Area Total2880.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1497
Lot Size Area6522.0
Number of Buildings1
Parking FeaturesCovered
Private PoolNo
SpaNo
Total Parking4.0
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $1,700,000
MLS#24385595
List Date 04/29/2024
Property Type Multi-Family
Phone 714.742.6515
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