991 Everett, Los Angeles, CA 90026

$1,600,000

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List Price
$1,600,000
Status
ACTIVE UNDER CONTRACT
MLS#
WS26107503
Year Built
1986
Lot Size
8,696
Acres
0.20
Lot Location
2-5 Units/Acre, Cul-De-Sac, Rectangular Lot
Days on Market
71
Property Type
Multifamily
Property Sub Type
Apartment

Property Description

Exceptional 5-unit investment opportunity in a prime Los Angeles location just minutes from Downtown LA. This versatile property features a spacious front house paired with four additional income-producing units—ideal for both owner-users and investors seeking strong rental potential. The front residence offers approximately 2,500 sq ft of living space, featuring 4 bedrooms, 2.5 bathrooms, plus a den/office—perfect for a home office or multi-generational living. Thoughtfully updated, the home showcases new laminate wood flooring, fresh interior paint, and new window treatments throughout. The expansive layout includes a large formal dining room, an oversized living area, and a beautifully updated kitchen with new quartz countertops, abundant cabinetry, and a charming breakfast area. Additional highlights include central air and heat, in-unit washer and dryer, generous storage space, and a 2-car side-by-side carport. Positioned directly across from Everett Park, the home enjoys stunning views of the Downtown Los Angeles skyline—an increasingly rare feature in this area. The rear portion of the property consists of four well-maintained 2-bedroom, 1-bath units, offering steady rental income and strong tenant appeal. The property’s layout provides a unique opportunity for an owner to live in the front home while offsetting expenses with rental income from the additional units. Located in a highly desirable pocket of Los Angeles with close proximity to Downtown LA, the Arts District, Chinatown, Dodger Stadium, Echo Park, and Union Station, this property offers both convenience and long-term growth potential. A rare chance to own a hybrid residential income property in one of LA’s most dynamic and centrally located neighborhoods.

Additional Information

Appliances
Dryer, Washer
Pool Description
None
Heat
Central
Cooling
Yes
Cooling Description
Central Air
Garage Spaces Total
2
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
5
Gross Scheduled Income
$142,524
Operating Expense
58641

Listing courtesy of Listing Agent: Evelyn Keung (evelynkeung@gmail.com) from Listing Office: eXp Realty of California Inc.

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.