5231 Loleta Avenue

Los Angeles, CA 90041

$1,589,000

Listed Price
5

bed Beds

3

shower Baths

2,653 sqft

straighten $598 / sqft

1939

calendar_month Built

Property Description

Incredible investment opportunity located in the highly coveted "north of Colorado Boulevard" neighborhood. R1-1 zoned, this traditional and contemporary property features 3 standalone structures. The charming 2 bed / 1 bath front house features a decorative fireplace, hardwood floors, original built-ins, a laundry room, a welcoming front porch, and a sun-filled dining area with French doors. The detached 2-car garage sits at the end of a lengthy driveway, offering ample parking options. Tucked away towards the rear of the property are the two additional standalone units: a cozy 1 bed / 1 bath bungalow with hardwood flooring and laundry, and a new construction contemporary Accessory Dwelling Unit (ADU), approximately 900 sq. ft., showcasing 2 bedrooms, 1 bathroom, sleek stainless steel Fisher & Paykel appliances, soaring 10-foot ceilings, new wood flooring throughout, and a private grassy area - adding tremendous value to this property. The expansive flat backyard provides endless potential for the new owner. Steps away from award-winning Dahlia Heights Elementary and walking distance to all the hot spots along Colorado Boulevard. This is the perfect opportunity for an owner-user or any savvy real estate investor.

Interior Features

Bedroom Information
Bedrooms 5
Bathroom Information
Bathrooms 3
Flooring Information
Material Wood
Fireplace Information
Features Decorative
Interior Information
Cooling Type Electric

Listing Information

Address 5231 Loleta Avenue
City Los Angeles
State CA
Zip 90041
County Los Angeles
Listing Agent Brad Keyes DRE#01857106
Co-Listing Agent Joshua Stein-Sapir DRE#01979910
Courtesy Of Keyes Real Estate
MLS 24375160
List Price $1,589,000
Status Active
Type Residential
Subtype Single Family Residence
Structure Size 2,653
Lot Size 10,987
Year Built 1939
DOM 18

Exterior Information

Maps

Listing information courtesy of: Brad Keyes, Joshua Stein-Sapir, Keyes Real Estate . *Based on information from the Association of REALTORS/Multiple Listing as of May 2nd, 2024 at 1:47 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.