Exceptional value-add 4-unit opportunity located in a prime Los Angeles neighborhood, featuring unique and charming architecture rarely found in typical multifamily assets. This distinctive property offers both strong in-place income and significant upside potential. The unit mix consists of (2) 2-bedroom + 1-bath units and (2) 1-bedroom + 1-bath units. Two units will be delivered vacant at closing, providing immediate flexibility for an investor or owner-user: Unit A: 2 Bed / 1 Bath (Vacant) Unit B: 1 Bed / 1 Bath (Vacant) The remaining units are currently occupied: Unit C: 2 Bed / 1 Bath rented at $2,100/month Unit D: 1 Bed / 1 Bath rented at $2,300/month. The property also features separate garage structures, offering excellent potential for Accessory Dwelling Unit (ADU) conversion (buyer to verify), creating an additional income stream and further enhancing long-term value.With its irreplaceable architectural character, desirable location, and multiple avenues for upside including rental increases, unit renovations, and ADU development – this is an ideal opportunity for investors seeking to reposition and maximize returns.
AGENT: David Miller LISTING BROKERAGE: Miller & Desatnik Realty Co.
Courtesy of Miller & Desatnik Realty Co.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than The Agency RE include the name of the listing broker. Neither the listing company nor The Agency RE shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 1245 S Crescent Heights BL
Los Angeles, CA
Property Details
Price:
$1,800,000
MLS #:
26810725
Status:
Active
Beds:
6
Baths:
4
Type:
Single Family
Neighborhood:
c19beverlycentermiraclemile
Listed Date:
Apr 27, 2026
Finished Sq Ft:
4,638
Total Sq Ft:
4,638
Lot Size:
6,438 sqft / 0.15 acres (approx)
Year Built:
1936
C19 – Beverly Center-miracle MileC19beverlycentermiraclemile
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Schools
Interior
Appliances
RF
Cooling
NO
Heating
WL
Levels
U
Exterior
Parking Spots
4
Parking Total
4
Financial
Gross Operating Income
$115,200
Net Operating Income
$75,484
Map
Community
- Address1245 S Crescent Heights BL Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90035
