Description

A rare opportunity in Hancock Park / Miracle Mile, this grand Mediterranean duplex offers nearly 4,700 sq ft of beautifully maintained living space across two expansive 3-bed, 3-bath residences - each delivering the scale and feel of a private single-family home. The remodeled lower unit (approx. 2,200+ sq ft) features stainless steel appliances, private laundry with high-end machines, central AC/heat, ceiling fans, hardwood floors, a gas fireplace, oversized windows, formal dining room, breakfast room, and a private furnished patio. The sun-filled renovated upper unit (approx. 2,300+ sq ft) showcases stunning Spanish-Modern character with hardwood floors, recessed lighting, French windows, stained-glass accents, a living room fireplace, custom built-ins, and an updated gourmet kitchen with a grand dining room and office/den. Both units offer abundant natural light, quality craftsmanship, modern systems, EV chargers for each unit, and access to a 2-car garage. The property is fully occupied with month-to-month tenancy, generating $5,300/month from the upper unit and $4,400/month from the lower unit - providing strong in-place income with flexibility for an owner-user or investor. Offered at $2,095,000, the property reflects an approximate 18 GRM and ~5.56% gross cap rate based on current income, consistent with typical Hancock Park / Miracle Mile duplex performance. With rare architectural character, walkability, upside potential in future rents, and a meticulously maintained owner-occupied condition, this is an exceptional opportunity in a prime central Los Angeles location. Financial metrics are based on current gross income only; operating expenses not included. Buyer to independently verify all information. Showings allowed with accepted offer only. Do not disturb tenants.