Stunning 1923 Spanish Home with Incredible Income Potential in Lower Hancock Park's Historic Oxford Square! This beautifully renovated corner-lot property sits on a spacious 6,000 sqft lot and offers nearly three homes in one, making it an exceptional investment opportunity. It features a 1,500 sqft 3-bed, 3-bath main house, a 495 sqft detached, permitted ADU, and a separate bonus studio-style suite within the main house, currently generating $9,400/month in short-term rental income. The permitted ADU is a fully self-sufficient rental unit with its own private entrance, patio, parking, and address, creating an excellent income stream. The rear bonus suite inside the main house also includes a kitchenette, bathroom, and private entrance, making it ideal as guest quarters or a third rental opportunity. The home underwent a complete remodel in 2017, including a new roof, plumbing, and electrical wiring, with a permitted addition in 2020. Recent upgrades also include an impressive stucco fence with modern wood inserts. The front yard offers endless landscaping possibilities, while the charming and custom Mexican tilework enhances the home's character. Inside, you'll find an open-concept floorplan with a must-see contemporary kitchen, featuring expansive counter space, an oversized island, stainless steel appliances, and updated lighting. Hardwood floors, recessed lighting, and a large dedicated laundry room complete the thoughtful layout. The bathrooms showcase stunning design elements, adding even more charm to this unique home. This property is a fantastic opportunity for an investment-minded buyer looking to live in the main house while renting out the additional units or enjoying the flexibility of a large single-family home in a peaceful, tree-lined historic neighborhood.
|
DAYS ON MARKET
|
21
|
LAST UPDATED
|
3/19/2025
|
|
YEAR BUILT
|
1923
|
COMMUNITY
|
Hancock Park-Wilshire
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
| AIR |
Central Air |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Dishwasher, Dryer, Refrigerator |
| AREA |
Hancock Park-Wilshire |
| GARAGE |
Door-Multi, Driveway, Garage, Yes |
| HEAT |
Central |
| LOT |
6003 sq ft |
| LOT DIMENSIONS |
50x120 |
| PARKING |
Door-Multi,Driveway,Garage |
| STORIES |
1 |
| ZONING |
LAR1 |
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Listed with Berkshire Hathaway HomeServices California Properties
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/2/25 10:47 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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