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2459 Hidalgo Avenue
Los Angeles, CA 90039
Sold
2459 Hidalgo Avenue
Los Angeles, CA 90039
Sold
Situated on a quiet cul-de-sac adjacent to single-family residences that have recently sold for $2,000,000, the hillside property offers dramatic views of the famous Silver Lake Reservoir. A new owner can capitalize on both the 53% rent upside on existing rents as well as the potential to complete permits for the already constructed studio ADU. All units include in-unit washer/dryers, while select units also feature wood flooring, decorative tile backsplashes, remodeled bathrooms, new kitchen cabinets, new ceiling fans, and upgraded lighting. The building also offers garage parking for four vehicles. The foundation was bolted in 2017 and a new sewer line was added in 2018, to help reduce future insurance and maintenance expenses. Located just blocks from the Silver Lake Reservoir, Silver Lake Meadows, and Ivanhoe Reservoir, the property allows tenants convenient access to an array of top-notch outdoor amenities. Whole Foods, Constellation Coffee, Gingergrass, Silver Lake Wine, and Starbucks are all within a few blocks as well. Beyond the Silver Lake border are the neighborhoods of Echo Park, Frogtown, Highland Park, Los Feliz, and Hollywood, each offering a unique blend of shopping and dining destinations. * The three-bedroom townhouse unit currently operates as a separate upstairs two-bedroom apartment and a downstairs studio apartment. Income for the three-bedroom townhouse includes the combined total of these two units for the purpose of this underwriting.
PROPERTY INFORMATION
| MLS # | 23251705 | Lot Size | 5,193 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 1,550,000
Price Per SqFt: $ 391 |
DOM | 779 Days |
| Address | 2459 Hidalgo Avenue | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 3,968 Sq. Ft. |
| Postal Code | 90039 | Garage | N/A |
| County | Los Angeles | Year Built | 1939 |
| Bed / Bath | 6 / 0 | Parking | 4 |
| Built In | 1939 | Status | Closed |
| Sold Date | 2023-08-11 |
INTERIOR FEATURES
| Has Heating | No |
| Heating Information | None |
| Has Cooling | No |
| Cooling Information | None |
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,653
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 03/16/2023 | Listed | $1,720,000 |
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Listing provided courtesy of Roderick 'Rick' Raymundo, Marcus & Millichap. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
