5231 Loleta Ave Los Angeles CA MLS #24-375160

5231 Loleta Ave
Los Angeles, CA,
$1,589,000
5 Beds
3 Baths
2,653 SqFt
0.25 Acres
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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.

Property Details

Price:
$1,589,000
MLS #:
24-375160
Status:
Active
Beds:
5
Baths:
3
Address:
5231 Loleta Ave
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
eaglerock
City:
Los Angeles
Listed Date:
Apr 15, 2024
State:
CA
Finished Sq Ft:
2,653
Lot Size:
10,987 sqft / 0.25 acres (approx)
Year Built:
1939
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Schools

Interior

Cooling
Window Unit(s), Wall Unit(s), Electric
Dining Room
1
Flooring
Hardwood
Heating
Wall, Wall Electric, Electric
Laundry
Laundry Area

Exterior

Building Type
Detached
Common Walls
Detached/ No Common Walls
Covered Parking
2
Other Structures
Other
Parking Garage
Garage – 2 Car
Pool Description
None
Spa
None
Style
Traditional

Financial

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5231 Loleta Ave
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