22nd Tuesday May 2012

1925 Spanish: 3508 Hollydale Dr., Los Angeles, 90039

With the median price of a home in Atwater Village hovering above 400k, many buyers are considering small, residential income properties as a way of getting into their first choice location. The price shoots closer to 450k if you want to be in prime Atwater (close to Los Feliz or Glendale Blvd.).

While the $629k price may be daunting, consider the following: 1) it’s in prime Atwater blocks from the Glendale strip 2) it’s the highly desirable setup of 2 houses-on-1 lot 3) separate yards & laundry rooms, 3) rear rental house is paying $1450/mo. and 4) your share of the mortgage would be $2169/mo. including taxes and insurance or, $550/mo. less if you were to buy a single house. There’s also the option of using the rental house as a guest house or detached home office rather than building one yourself.

Best part, many of the original details from the wood floors, built-ins and latched wood windows are intact and in great condition. For more information or if you have questions about income property, let me know.

3508 Hollydale Dr., Los Angeles, 90039
Duplex: 2Br/1Ba + 1Br/1Ba
1486 sq. ft., 5400 sq. ft. lot
1925 Spanish
2 Separate Homes on a Lot, Private Yards, Vintage Details

Original wood floors, windows and capped fireplace


Eat-in kitchen area

Rear house living room. Listing courtesy of Courtney N. Smith – Nourmand & Assoc.

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