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Brian Aarestad, Sales Associate
SOLD
$1,850,000
Date 08/18/2023

12042 Sylvester Street
Los Angeles, CA 90066

Other
Residence
5
Beds
3
Baths
2,449
Sqft
0.1372
Lot Size
Listing Agent: Mary Steele CalDRE: 00914757 - Mary Steele

Description for 12042 Sylvester Street Los Angeles, CA 90066

OWNER USER PROPERTY - All 3 units remodeled and can be delivered vacant or with mid term tenants. Presently rented as mid term (Executive) furnished rentals for $4,500-4,800/month each. Both downstairs units have HUGE PRIVATE YARDS, upstairs unit has private large deck. All units have their own laundry and separate utility meters. Garages currently being used by owners and will be delivered vacant. One garage is being used as a second bedroom for 1 bedroom unit. Roof and skylights less than 2 yrs old with additional 2 inch insulation, all new dual pane PVC Windows and sliding doors, Unit 42 extensively remodeled within the last year with high end finishes including 3 New Split AC units, Tankless Water Heater, upgraded electrical and plumbing, insulation, canned lights, top of the line Samsung Appliances, LG WashTower laundry, marble counter tops, mother of pearl penny tile in bathroom, high end gold fixtures, new top quality cabinets, Kitchen has Alkaline water purifier and opens to a large patio and yard filled with hand picked Hybrid long stem Roses, jasmine and gardenias. Fruit trees include Mango, Guava, Avocado (2), Myer Lemon (2), apple and tangerine. New irrigation system in both back yard and front yard fruit trees. New DG in front yard. 42 yard has landscaping and patio lighting. This is a one of a kind opportunity to purchase a beautiful home (nobody above owner's unit) and 2 rental units on a quiet street in a convenient location close to everything in LA. Sunday Farmers Market and many cafe's/restaurants in the neighborhood. Property can be sold furnished (with some exclusions.) New owner can choose to rent long term or continue furnished rentals at higher rates. This is a turn key property for those who are interested in the mid term rental market. Owners have lovingly maintained property. Appliances and furnishings can be included. Listing Agent is co-owner. Buyers to cooperate with Seller's doing a 1031 Exchange. Will do Sunday open houses 1-4PM. Unit 12044 (downstairs rear) is currently vacant and can be shown, call LA for code.

Property Details

23255541
Other, Bungalow, 2 Story
5
Los Angeles
3
1954
0.1372 Acres
2
Other
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Listing Agent: Mary Steele CalDRE: 00914757 - Mary Steele
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Brian Aarestad Dean Stalter, Broker DRE# 00625377 - 2355 Northside Drive Ste. 180, San Diego, CA 92108 | Phone: (858) 525-3262 | Email: baarestad@bhhscal.com

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