Huge Price Reduction! Price to sell! A Unique Gem in the Heart of Los Angeles! 1224, 1226 Dewey property offers not just one, but two detached single-story units on a single lot, making it a rare find in the coveted neighborhood near Korea Town. As you approach the property, you're greeted by the inviting sight of wide front and side yards, providing ample parking for residents and guests alike. The automatic gated entrance offers a sense of security and privacy. Step inside the front unit and be greeted by a warm and inviting atmosphere. With four bedrooms and three bathrooms in front unit 1224 Dewey, a unique feature of 2 bedrooms and one bathroom of the house has a separate entry exist from the unknown time, providing the perfect spot for a home office. This home is spacious enough to accommodate a large family or provide plenty of room for guests. The high ceilings and open layout create a sense of airiness and space, while the wooden flooring and recessed lights add a touch of modern elegance. The back unit offers a more intimate setting, with one bedroom and one bathroom (county record shows 2 bedrooms and 2 bathrooms). Perfect for a couple or individual looking for a cozy space to call their own. Ideal for owner-users looking for a spacious home with rental income potentia
**INCOME PRODUCING PROPERTY** This newly renovated property boasts a fully permitted ADU and multiple bedrooms in each living space to maximize rental income. Even the finest details were not passed up on to make this property virtually brand new. The sleek colors and design makes this home rentable to a full spectrum of tenants. As you approach the property you will notice the designer wood entry gate to keep the driveway private. As you enter the main home laminate flooring throughout brings you to the kitchen with full stainless steel appliances. The accented barn door keeps a great separation through the home. 4 bedrooms downstairs and the upstairs bedroom and bath is like a 2nd master bedroom suite. Concrete throughout the exterior makes for a low maintenance yard and offers plenty of parking. The main house addressed at 1731 S New England St is so roomy it has 5 bedrooms and 3 bath and spans 2,198 sq ft of living space. The ADU has a complete Certificate of Occupancy and is addressed at 1733 S New England St and is 498 sqft with 2 bedrooms and 1 bath. Separate electric and gas meters. Shared water. Both units have their own interior laundry area. Please do not disturb tenants. Offers will be contingent upon interior inspection. Don’t miss your chance to own a strong revenue generating property in the heart of Los Angeles. See private remarks for rental history and current rent amounts.
The median home value in Los Angeles, CA is $912,500. This is higher than the county median home value of $796,100. The national median home value is $338,100. The average price of homes sold in Los Angeles, CA is $912,500. Approximately 33.96% of Los Angeles homes are owned, compared to 58.13% rented, while 7.92% are vacant. Los Angeles real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Los Angeles real estate agent to arrange a tour today!
Los Angeles, California 90006 has a population of 3,902,440. Los Angeles 90006 is less family-centric than the surrounding county with 28.08% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Los Angeles, California 90006 is $69,778. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Los Angeles 90006 is 36.2 years.
The average high temperature in July is 83.6 degrees, with an average low temperature in January of 45.9 degrees. The average rainfall is approximately 15.5 inches per year, with 0 inches of snow per year.