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Terry McCarty

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$ 2,200,000

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428 N Alta Vista BLVD Los Angeles, CA 90036

5 Beds

5 Baths

3,150 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,150 sqft

Price per Sqft $698

MLS Listing ID 26830245

Bedrooms 5

HOA Y/N No

Year Built 1926

Lot Size 7,701 Sqft

Property 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.

Location

State CA

County Los Angeles

Area C19 - Beverly Center-Miracle Mile

Zoning LAR2

Interior

Interior Features Ceiling Fan(s), Walk-In Closet(s)

Heating Wall Furnace

Flooring Laminate, Tile, Wood

Fireplace No

Appliance Dishwasher, Disposal, Refrigerator, Vented Exhaust Fan, Dryer, Washer

Exterior

Parking Features Door-Multi, Garage, Shared Driveway

Garage Spaces 2.0

Garage Description 2.0

Porch Front Porch

Total Parking Spaces 5

Building

Faces West

Entry Level Multi/Split

Architectural Style Spanish

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5525026022

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Mary Anne Reyes Pacifica Realty Management LA #01377077

Nearby Locations

Terry McCarty

Team Lead | License ID: 01239625

+1(714) 392-2880

Terry McCarty

428 N Alta Vista BLVD Los Angeles, CA 90036

Key Details

Location

Interior

Exterior

Building

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428 N Alta Vista BLVD