SUBSTANTIAL PRICE ADJUSTMENT!!! This spectacular historic Mills Act property consisting of three separate buildings with three separate APN numbers was designated with Mills Act status in 2017. It is located in the coveted and historic Preservation Overlay Zone (HBOZ) of Country Club Park. This property known to many as 'the beautiful buildings on the hill', offers expansive city views to its many tenants. It is situated on an enormous 23,000 sq. ft. lot spanning the entire southern side of the block of Country Club Drive between 3rd and 4th Avenue. The buildings were built in 1923 & 1936 by well known architects of that period. The units are large and spacious and total over 17,000 sq. ft. There is an excellent mix of 1,2 & 3 bedroom units, with several being townhouse style. The rents are below market creating a quintessential value-add opportunity for new ownership. The units exude style, character and charm offering a mix of both Mediterranean Revival Style and French Revival Style of architecture. This is an extraordinarily unusual opportunity to purchase this property which has rarely been offered for sale since it was built by its original owner, Edna T. Lux in 1923 and 1936.
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Listing Snapshot
Price
$4,999,000
Days On Site
379 Days
Bedrooms
20
Inside Area (SqFt)
17,028 sqft
Total Baths
16
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.5379 Acres
Year Built
1923
MLS® Number
24395159
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
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Recent Activity
3 months ago
Listing updated with changes from the MLS®
4 months ago
Price changed to $4,999,000
a year ago
Listing first seen on site
General Features
Acres
0.5379
Attached Garage
Yes
Direction Faces
North
Disclosures
HistoricalRentControl
Number Of Stories
2
Parking
AttachedAttached Carport
Parking Spaces
15
Sewer
Other
Special Circumstances
Standard
SqFt Total
17028
Stories
Two
Style
Mediterranean
Zoning
LARD1.5
Interior Features
Appliances
DishwasherDryer
Cooling
Wall/Window Unit(s)
Heating
Gravity
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Exterior Features
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City Lights
Waterview
City Lights
Community Features
MLS Area
C18 - Hancock Park-Wilshire
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