Description

Income producing opportunity located in East Hollywood's Little Armenia neighborhood directly next to KAISER PERMANENTE, offering strong rental demand and long-term investment potential. The property features a 3 bedroom, 2 bathroom main residence with approximately 1,593 square feet plus a FULLY PERMITTED ADU completed approximately in 2023 offering 1 bedroom, 1 bathroom and approximately 460 square feet for a combined total of approximately 2,024 square feet of living space. Zoned RD1.5-1XL, the property offers additional development potential subject to buyer verification and City of Los Angeles approval. The property was APPRAISED AT $1,590,000 ON 11/12/2025, presenting a compelling value opportunity at the current offering price. The ADU previously generated $1,825 per month, and the front home is projected to achieve approximately $6,000 per month, creating strong income potential for investors or owner-users seeking supplemental rental income. Significant improvements completed approximately in 2023 include a NEW ROOF, NEW HVAC SYSTEM, updated electrical panel with maintenance, exterior and interior paint, replaced blinds, removal of popcorn ceilings with new ceilings installed in the living and dining rooms, and a newly updated full bathroom. Additional improvements include a wheelchair-accessible front entrance ramp, major front foundation repair, and complete termite treatment with attic cleaning. Located in a high-demand rental corridor with close proximity to major employment centers, dining, transit, and central Los Angeles amenities. Property will be DELIVERED VACANT, and seller's personal belongings currently in the property will be removed prior to close of escrow. Property to be sold in its present AS-IS condition. Buyer to verify all information including square footage, permits, zoning, rental income, and development potential.