428 N Alta Vista Boulevard,Los Angeles, CA 90036
Los Angeles, CA 90036
Description
High-Income Fairfax Triplex with TOC Tier 3 Development Upside: Experience the vibrant Los Angeles lifestyle in this stylish Spanish-style triplex, just a short stroll from The Grove, Pan Pacific Park, and some of the hottest restaurants along Melrose Avenue and Beverly Boulevard. This well-preserved property features three units, each with rare individual outdoor spaces and lush landscaping. The front house is an inviting 2-bedroom, 2-bathroom Spanish bungalow, complete with a fully equipped kitchen and a charming breakfast/office nook. Enjoy two beautiful outdoor areas adorned with mature bougainvillea and a flourishing lemon tree, perfect for relaxing or entertaining. The middle unit boasts a bright living room, dining area, and a primary bedroom with an ensuite bathroom, plus a cozy second bedroom that opens onto a private patio, ideal for al fresco dining. Nestled atop the Spanish duplex, the delightful third unit features a spacious balcony with lovely views of the hills. Enter through the balcony to discover a versatile bonus room, perfect for a home office or relaxation space. The kitchen opens to the living area, and the bedroom includes a large walk-in closet and an ensuite bathroom with a tub/shower. Additional highlights include in-unit washer/dryers, dedicated off-street parking with two garages and three additional spaces in the shared driveway, a new sewer installed in 2024, and solar panels for the front unit. All units are currently earning market rents with newly signed leases for 2025/2026. The subject parcel carries a (TOC) Tier 3 designation on a 7,700 sf lot with no HPOZ, no historic protections, and no overlay restrictions. This represents a clean development-ready parcel for up to 6 units and 2 ADU's in the highly desirable Fairfax corridor. Critically, the property's existing income of $137,280 annually provides positive cash flow throughout the entitlement period, materially reducing carrying cost risk for a development buyer. Don't miss this opportunity to own a versatile property that meets both lifestyle and investment needs in a prime location.
Details
| MLS # | 26830245 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1926 |
| Days On Site | 94 |
| Listing Provided By | Pacifica Realty Management LA | Mary Anne Reyes |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 5 |
| SQ Feet | 3,150 |
| Garage | 2 |
| Units | 3 |
| Building(s) | 2 |
| Zoning | LAR2 |
| Acreage | 0.18 |
Interior
| Heating | Wall Furnace |
|---|---|
| Heating Yes / No | Yes |
| Interior Features | Ceiling Fans, Walk In Closets |
| Appliances | Dishwasher, Disposal, Refrigerator, Vented Exhaust Fan, Dryer, Washer |
Parking
| Parking Features | Door Multi, Garage, Shared Driveway |
|---|---|
| Garage Yes / No | Yes |
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90036 |
| Area | C19 Beverly Center Miracle Mile |
| Listing VS Median (in 90036) | |
Price: $2,200,000 low | high Med: $2,237,000 sqft: 3,150 low | high Med: 5,470 $ / sqft: $698 low | high Med: $410 On site: 94 low | high Med: 88 | |
Market Activity 90036
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90036 |
| Area | C19 Beverly Center Miracle Mile |
| Listing VS Median (in 90036) | |
Price: $2,200,000 low | high Med: $2,237,000 sqft: 3,150 low | high Med: 5,470 $ / sqft: $698 low | high Med: $410 On site: 94 low | high Med: 88 | |