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$ 1,749,000
Est. payment /mo
Active
1501 Westerly TER Los Angeles, CA 90026
4 Beds
4 Baths
2,142 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,142 sqft
Price per Sqft $816
MLS Listing ID 26845089
Bedrooms 4
HOA Y/N No
Year Built 1924
Lot Size 4,874 Sqft
Property Description
Nestled in one of Silver Lake's most sought-after pockets, this beautifully restored 1920s Mediterranean duplex blends timeless character with thoughtful modern updates. The side-by-side residences each span two levels and offer 2 bedrooms, 2 bathrooms, beautifully updated kitchens and bathrooms, central HVAC, in-unit laundry, hardwood floors, recessed lighting, generous closet space, dedicated office nooks, and charming sunrooms with views of the surrounding hills and the city skyline.What truly sets this property apart are its exceptional outdoor spaces. Each residence enjoys its own private outdoor area, while the fully fenced grounds provide an uncommon sense of privacy and security, complete with exterior lighting and security cameras. Lush landscaping, mature succulents, vibrant plantings, and fruit trees create a tranquil garden retreat equally suited for entertaining or everyday enjoyment.Adding even more versatility is an approximately 350-square-foot detached, partially converted garage offering one-car parking with an EV charger, along with a flexible bonus space ideal for an art studio, music room, home gym, or office. An additional off-street parking space is available in the driveway.Both residences are occupied by excellent month-to-month tenants paying market rents, generating a combined gross monthly income of $10,550 ($5,800 and $4,750 per month). Current annual operating expenses for utilities and maintenance, including water, sewer, trash, and landscaping, are approximately $7,700. With both leases on a month-to-month basis, the property offers exceptional flexibility for investors seeking immediate cash flow or owner-users looking to occupy one residence while offsetting their mortgage with rental income.Ideally located just moments from the reservoir, Sunset Junction, Erewhon, acclaimed restaurants, boutiques, and nightlife. This is a rare opportunity to own a beautifully restored duplex in one of Los Angeles' most vibrant and coveted neighborhoods.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Zoning LAR2
Interior
Heating Central
Cooling Central Air
Fireplace No
Appliance Dishwasher, Disposal, Refrigerator, Dryer, Washer
Exterior
Garage Spaces 2.0
Garage Description 2.0
Total Parking Spaces 3
Building
Story 2
Entry Level Two,Multi/Split
Architectural Style Mediterranean
Level or Stories Two, Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5425011030
Special Listing Condition Standard
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Listed by David Lukan Compass #01873011