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500 Belmont Avenue

Los Angeles (City), CA 90026
  • $999,000
  • STATUS: Active
  • ON SITE: 27 Days
  • ID#: P1-20877
UPDATED: 7 min ago
$999,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1928
County:

School Ratings & Info

Listing Agent(s): Caren Saiet of Craig Estates and Fine Properties ((818) 790-2192)


Description

Tremendous opportunity to own a charming, very well-maintained, 1920's TRIPLEX with 2 VACANT UNITS! Nestled on a hill at the end of a cul de sac with views of DTLA and Echo Park Lake, the large FRONT 2 BR, 1.5 BA bungalow boasts hardwood floors, original period details, 2 bonus rooms, exterior laundry closet, and a separate workshop currently decorated as a tiki lounge. Behind the shared yard, are 2 REAR detached studios with hardwood floors, views, and mini splits. All units are separately metered. Upgrades include tankless water heater, 2 new roofs, updated wiring, and 2 new foundations. Ideal for an owner user occupant. Solid 1031 investment or live in one and rent the others.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-17T07:27:38.453. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Keller Williams. Licensed in the State of California, USA.
www.robynicenhowerproperties.com/homes/160596497
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500 Belmont Avenue Los Angeles (City), CA 90026

  • Price: $999,000
  • Status: Active
  • On Site: 27 Days
  • Updated: 7 min ago
  • ID#: P1-20877
0
Beds
0
Baths
0
½ Baths
0.12
Acres
1928
Built
Neighborhood:
Not Applicable
County:
Los Angeles
Area:
C21 - Silver Lake - Echo Park
Property Description
Tremendous opportunity to own a charming, very well-maintained, 1920's TRIPLEX with 2 VACANT UNITS! Nestled on a hill at the end of a cul de sac with views of DTLA and Echo Park Lake, the large FRONT 2 BR, 1.5 BA bungalow boasts hardwood floors, original period details, 2 bonus rooms, exterior laundry closet, and a separate workshop currently decorated as a tiki lounge. Behind the shared yard, are 2 REAR detached studios with hardwood floors, views, and mini splits. All units are separately metered. Upgrades include tankless water heater, 2 new roofs, updated wiring, and 2 new foundations. Ideal for an owner user occupant. Solid 1031 investment or live in one and rent the others.
Exterior Features

Architectural Style Bungalow Fencing Chain Link Foundation Details Brick/Mortar Lot Features Corner LotCul-De-SacFront Yard Number Of Separate Electric Meters 3 Other Structures Workshop Parking Features None Parking Total 0 Pool Features None Pool Private YN No Property Attached YN No Spa Features None Spa YN No View City LightsLake View YN Yes

Interior Features

Appliances Refrigerator Common Walls No Common Walls Cooling Central AirDuctless Cooling YN Yes Fireplace Features Decorative Fireplace YN Yes Flooring Wood Heating CentralDuctless Heating YN Yes Interior Features StorageBarWorkshop

Property Features

Association Fee 0 Community Features Urban Disclosures Rent Control Electric Expense 0 Exclusions Washer/dryer belongs to front tenant.No fridge in REAR R studio Fuel Expense 0 Garage YN No Gross Income 46596 Gross Scheduled Income 46596 Inclusions fridge in front house and L studio. Insurance Expense 1960 Land Lease YN No Laundry Features See RemarksStacked Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash to New Loan1031 Exchange Net Operating Income 45436 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Operating Expense 1160 Possession Close Of Escrow Property Sub Type Triplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGasTrash Collection Trash Expense 0 Water Sewer Expense 1329 Water Source Public Zoning LARD2



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-17T07:27:38.453. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Keller Williams. Licensed in the State of California, USA.
 
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Robyn Graham & Associates | Keller Williams
5110 W. Cypress Ave.
Visalia CA, 93277
Listing Agent(s): Caren Saiet of Craig Estates and Fine Properties ((818) 790-2192)