1327 Pennsylvania Ave

Los Angeles, CA 90033 View Map $1,099,000 Schedule a Tour
Sq.Ft. Lot5,644
Year1924

The Neal Weichel Group

(661) 284-5080

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Status: Under Contract
Property Type:Duplex
MLS #:DW24037363
On Site:62 Days
Lot Size:5,644 Sq. Ft.
County:Los Angeles
Million Dollar DTLA Skyline Views! Situated one exit away from DTLA off the 101 freeway in the heart of Boyle Heights and in one of its most view-friendly streets just outside of Downtown LA. This property stands as a testament to the neighborhood's rich history and promising future. Escape run of the mill and rushed back to market properties as this one has not been on the market for over 21 years. Sewer upgrade done 9 years ago. The 4 bedroom is also for lease at $4100/monthly. Lease or buy whichever occurs first. The 3 bedroom occupied by long term tenants. Immerse yourself in a living masterpiece where historic architectural features harmonize seamlessly with contemporary conveniences. The 4 bedroom side of duplex professionally updated, remodeled and reimagined with the services of both an architect (kitchen and garage) and also a designer (colors, wallpaper and all else) were engaged to offer a unique blend of old-world charm and modern sophistication. As you enter the front door, be greeted by the warm glow of new lighting fixtures perfectly complementing the timeless design of the home. Experience the allure of refurbished hardwood floors meticulously restored in the stairs, living and dining room areas leading you through rooms framed by wood moldings that have been painstakingly scraped, restored, and re-varnished to breathe life back into their exquisite craftsmanship echoing the elegance of a bygone era. Discover the luxury of a double oven, a true rarity, alongside a microwave, a slick vent hood, and electric range cooktop and designer grade tiles with custom made cabinets and quartz countertop. Benefit with peace of mine from the City of L.A. Building and Safety's recent closed (not just pulled) Year 2023: adding 2 downstairs baths(1 each unit), update kitchen electricals, installing 2 new water heaters, range hood. Year 2021: permit for extra electric meter for common areas. The shared basement access houses a washer/dryer, fostering a sense of community with the next-door neighbor. Say goodbye to parking issues with the private garages included with this residence. Make this your next residence and enjoy the captivating views of the Downtown skyline and say goodbye to long commutes as you choose to be closer to all Downtown has to offer. Come take a look but leave your shoes at the front and experience the beauty of the downstairs refurbished hardwood. Interior pics of 1329 Penn. only (4 bed unit).

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$000 Monthly Payment
Loan and interest only.

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Price Change History

Date Old Price New Price Percent Change
3/12/2024$1,159,999$1,099,000-5.3%

Community Information

Address:1327 Pennsylvania Ave, Los Angeles, CA 90033
Area:BOYH - Boyle Heights
County:Los Angeles
City:Los Angeles
Zip Code:90033

Architecture

Year Built:1924
Stories:2
Building Area: 3072.0
Number of Buildings: 1
Total Units: 2
Stories Total: 2
Unit 1: 1 Unit • 3 Beds • 2 Baths • Unfurnished • $1,842 actual rent • $1,842 total rent • $3,100 pro forma
Unit 2: 1 Unit • 4 Beds • 2 Baths • Unfurnished • $4,160 pro forma
Garage Spaces: 4.0

Features / Amenities

Interior Features: QuartzCounters, AllBedroomsUp
Appliances: Double Oven, Electric Range, Microwave
Fireplace Features: Decorative
Laundry: Common Area
Room Type: Bedroom
Entry Level: 1
Entry Location: 1st floor
Common Walls: 1 Common Wall
Parking Total: 4.0
Cooling: Ductless
Heating: Ductless

Rooms

Features
BedroomAllBedroomsUp

Property Features

Lot Size: 0.13 Acres / 5,644 Sq. Ft.
Lot Features: Item01UnitAcre, Yard
Sewer: Public Sewer
Water: Public
Zoning:LARD1.5
Directions:One exit before or after Downtown Exit Mission Rd,go East on Cesar Chavez and left on Pennsylvania Ave

Tax and Financial Info

Cap Rate: 5.8
Gross Income: $150
Gross Scheduled Income: $6,152
Net Operating Income: $5,692
Electric Expense: $39
Gardener Expense: $80
Insurance Expense: $100
Trash Expense: $76
Water/Sewer Expense: $165
Operating Expense: $460
Terms: Cash, Conventional, Item1031Exchange, FHA

Listing Agent/Office

Agent:Jose Leiva
Office:Century 21 Allstars
Broker Phone:213-219-2120

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1327 Pennsylvania Ave Los Angeles,  CA 90033
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1327 Pennsylvania Ave Los Angeles, CA 90033
 
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Based on information from California Regional Multiple Listing Service, Inc. as of April 24, 2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.