1118 S Crescent Heights Boulevard, Los Angeles, California 90035, Los Angeles, 90035 - 6 bed, 4 bath

1118 S Crescent Heights Boulevard, Los Angeles, California 90035 home-pic-0
ACTIVE$1,895,000
1118 S Crescent Heights Boulevard, Los Angeles, California 90035
6Beds
4Baths
3,898Sqft
5,498Lot
Year Built
1933
Close
-
List price
$1.9M
Original List price
$2M
Price/Sqft
$486
HOA
-
Days on market
-
Sold On
-
MLS number
25547037
Home ConditionFair
Features
Patio
View

About this home

We found 3 Cons,6 Pros. Rank: price - $1.90M(36th), sqft - 3898(85th), beds - 6(92th), baths - 4(72th).

Repriced and ready to sell! Set back from the street amidst lush, drought-tolerant landscaping and mature leafy trees, this prime Carthay Mediterranean duplex promises incredible, lasting value for an investor or savvy end-user. With the possibility to add up to two ADUs to the property (via garage conversion) for even more additional income, the upside potential is great! On either the ground level or second level, each home exudes charm, character, and original period details all preserved and lovingly maintained. Arched windows, wall niches, and doorways characterize the spaces as hardwood floors flow throughout. Kitchens and bathrooms are dressed in colorful tile, and bedrooms are spacious. Outside, a tranquil brick-laid patio is surrounded by walls of flourishing vines and blooming flowers, perfect for relaxing, entertaining, and dining al-fresco on warm summer evenings. In this coveted central location, fortunate residents enjoy access to some of the area's most sought-after attractions and destinations, such as the Beverly Center, The Grove and Original Farmers Market, Miracle Mile's museums, and Culver City's cultural center. The high-end shopping of Beverly Hills, nightlife of West Hollywood, and boutiques of Larchmont Village are also just moments away. Other nearby conveniences include parks, schools, and the 10 Freeway. Both units are currently leased.

Nearby schools

5/10
Carthay Center Elementary
Public,K-50.2mi
4/10
Crescent Heights Boulevard Elementary School
Public,K-50.6mi
7/10
Hancock Park Elementary School
Public,K-51.1mi
8/10
Horace Mann Elementary School
Public,K-80.9mi
7/10
John Burroughs Middle School
Public,6-82.0mi
3/10
Daniel Webster Middle School
Public,6-84.1mi
6/10
Alexander Hamilton Senior High School
Public,9-121.9mi
7/10
Fairfax Senior High School
Public,9-122.0mi
9/10
Beverly Hills High School
Public,9-122.3mi

Price History

Date
Event
Price
07/03/13
Sold
$1,270,000
09/14/99
Sold
$540,000
Condition Rating
Fair

Built in 1933, this property retains original charm and hardwood floors throughout. However, the kitchen features significantly dated blue tiled countertops and backsplash, light wood cabinets, and a mix of older white and black appliances. While functional and well-maintained, these key areas, along with the likely similarly styled bathrooms (as indicated by the 'colorful tile' description), are outdated and would require minor to moderate updates to meet current aesthetic standards. The property aligns with the 'Fair' category, being aged but maintained, with major components functional but showing signs of being outdated.
Pros & Cons

Pros

Great Schools: High School: Beverly Hills High School (9/10).
Prime Central Location: Situated in a coveted Carthay location, offering convenient access to major attractions like Beverly Center, The Grove, Miracle Mile, Beverly Hills, West Hollywood, and the 10 Freeway, enhancing desirability and potential appreciation.
Significant Income & Value-Add Potential: As a duplex with both units currently leased, it provides immediate rental income. Furthermore, the possibility to add up to two ADUs via garage conversion offers substantial future income and property value enhancement.
Historic Charm & Period Details: The property retains its original Mediterranean charm, character, and period details, including arched windows, wall niches, hardwood floors, and colorful tiled kitchens/bathrooms, appealing to buyers seeking unique architectural heritage.
Spacious Living & Outdoor Oasis: With 3898 sqft across two units and spacious bedrooms, the property offers ample living space. A tranquil brick-laid patio surrounded by lush landscaping provides a private outdoor area for relaxation and entertaining.
Recent Price Adjustment: The property has been repriced, indicating a motivated seller and a potential opportunity for buyers to acquire a valuable asset at a more competitive price point.

Cons

Age of Property & Systems: Built in 1933, the property's age may imply older infrastructure (plumbing, electrical, HVAC) that could require significant updates or ongoing maintenance, despite being 'lovingly maintained'.
Tenant Occupancy for Owner-Users: Both units are currently leased, which is beneficial for investors but could pose a challenge for an end-user looking to occupy the property immediately, requiring navigation of tenant rights and lease agreements.
Potential for Outdated Interiors: While 'original period details' are a strength, the kitchens and bathrooms, described with 'colorful tile,' may not feature modern finishes, layouts, or energy-efficient appliances that some contemporary buyers expect without further renovation.

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