6-Bedroom ResidentialIncome — 8828 Alcott Street, Los Angeles, CA
$2,299,000
8828 Alcott Street, Los Angeles, CA
About this property
Sophisticated owner-user duplex offering nearly 3,500 sq ft of living space on a nearly 6,000 sq ft lot in the heart of walkable Pico-Robertson. The fully remodeled lower unit is a true 4-bedroom, 3.5 bath residence that feels like a single-family home, featuring an open floor plan with a state-of-the-art kitchen flowing into living and dining areas accented by beautiful custom wood built-ins, in-unit laundry, surround sound, and exclusive private backyard plus garage access (formerly leased at $7,000/month). The bright upper unit is a 2-bedroom, 2-bath currently rented at $3,350/month. Two attached 2-car garages (one partially converted to a rec room) offer covered parking and the potential to convert into one extra-large ADU or two ADUs. Zoned R3 with TOC Tier 2 and TCAC Highest Resource designation, the property enjoys a 60% density bonus plus parking and FAR incentives in exchange for a modest affordable set-aside, with the Highest Resource status further strengthening eligibility for tax-credit and other financing tools. Ideal location steps from Pico Boulevard's shops, restaurants, and daily conveniencescombining turnkey luxury living, solid current income, and meaningful development upside.
Property details
Location
8828 Alcott Street • Los Angeles, CA 90035
Listed by
Marc 'Meir' Nemetsky · Power Brokers