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$1,999,950

Beds
6
Baths
4.0
sq ft
2,352

4250 Michael Ave, Los Angeles, CA 90066

4250 Michael Ave

Los Angeles, CA 90066

  • 38 days on market
    • Price drop $100,050↓
Introducing a remarkable property that offers the perfect blend of comfort, convenience, and income potential. This exquisite home features a traditional main house boasting four bedrooms and two baths, complemented by a fenced front yard offering privacy and charm.As you step inside the main house, you'll be embraced by a warm and inviting atmosphere, offering ample space for living and entertaining. The kitchen is well-designed, while the cozy bedrooms provide a tranquil haven for the entire family.Adjacent to the main house, you'll discover two detached 1-bedroom, 1-bath units in the rear ADU (Accessory Dwelling Unit), each providing a private and comfortable living space. The units are separated by a rear deck, creating an ideal setting for outdoor gatherings and barbecuing.Located less than half a mile from a variety of high-end dining, shopping, and recreation options, including Equinox, Boa, and Gelson's, this property offers unbeatable convenience. Whether planning a night out in Marina Del Rey or Santa Monica or exploring the local area, everything you need is moments away.The main house, previously rented for $5800 ( under market ), will be delivered vacant. Each ADU rental has a proven track record, ranging from $2600 to $2750 for a combined $5250, making them a significant source of rental income. The total property income was $11,050 per month prior to this offering. This property is a prime opportunity for 1031 Exchange buyers or homeowners seeking to offset their expenses with rental income. Whether you're an investor eyeing a profitable venture or a homeowner aiming to maximize your investment, this property is a gateway to endless possibilities. Act now to secure this exceptional property in a sought-after Westside location. Schedule your showing today and turn this dream property into your reality!

Details

Property type

Single Family Residence

Lot size

4,903 sq ft

Price per sq ft

$851

Year built

1941

HOA

No

Price History

06/25/2024
CLAW

CLAW #24396259

Price change
$1,999,950
-4.76%
05/24/2024
CLAW

CLAW #24396259

Listed
$2,100,000

Schools & Community

Neighborhood: 

Del Rey

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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Status: Active

Tomo last checked: 07/01/2024 at 8:25 AM

Listing updated: 06/25/2024 at 3:56 PM

Listed by: Justin Vold, Redfin Phone #: (877) 973-3346

MLS: CLAW #24396259

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