1614 Grafton St, Los Angeles, CA 90026

Property Description

Update: Just learned front unit will be vacated at end of May, which makes this a much better buy, whether for an owner occupy buyer or an investor buyer. Rare opportunity to own two fully renovated units on one lot with no common walls, offering the feel of two separate homes, located in arguably the most sought after location in prime Echo Park, just one-third of a mile north of Sunset Boulevard's vibrant shops and restaurants, and only a 5-minute walk to beautiful 600 acre Elysian Park. Both units are in excellent condition and filled with charm and character, each featuring in-unit washer and dryer and private outdoor spaces for added comfort and livability. The property offers a highly desirable double-wide driveway, accommodating two cars side-by-side or up to four cars in tandem an uncommon convenience in this area. One unit is listed at 786 sq ft but includes an additional approximately 120 sq ft loft, bringing the total usable living space closer to 900 sq ft. Recent upgrades include a brand new roof on the rear unit, adding to the property's overall appeal and low-maintenance profile. Both units are occupied by long-term tenants paying strong rents that are still approximately 15% below current market levels, offering immediate income with future upside potential. Perfect for an investor or owner-user looking to live in one unit while renting the other to offset expenses and enjoy a manageable monthly payment. If you are not familiar with the City of LA rules about how to occupy a dwelling as an owner even if it is already occupied by a tenant, please contact me or have your agent contact me and I will walk you/them through the steps of how it is done. It is actually quite simple.