Once in a rare opportunity, an income property that defies the stereotypical standard appears on the horizon for a brief and fleeting moment. With extensive renovations by noted designer C. Meeuwsen and R. Rusher in 2006, a hybrid triplex that bucks tradition and ingeniously incorporates multiple styles was born. Walled and gated, the compound lies on a corner lot that sprawls 1/2 of the block and covering two streets. Each unit is provided it’s own private entrance and personal address.
The main systems of the complex have been updated including: copper plumbing, electric, new roof with copper gutters, new heating and air, tankless water heaters, many new custom painted windows and doors, and new “French Country” exterior styling.
One unique feature of this property includes an option for two owners to simultaneously occupy the property in highly upgraded ‘owner’s units’ while still providing a viable third unit as a rental. The owners units have been designed with luxury and style in mind. Unit One features a “French Country’ theme with meticulously crafted fine cabinetry, top of the line appliances, bathrooms that feel like mini-spas, and a private front courtyard shielded by towering Ficus trees. Unit Two features a more “Modern” style with clean lines, cool colors, open kitchen with top of the line appliances and Carrera marble, a lanai, and zen bathrooms. Unit Three, with it’s more traditional “20’s” feel, has not been updated to the extent of the owners units. However it has been graciously accommodated with updated appliances, refinished floors and remodeled bath. All with the idea that the unit is intended for the rugged wear and tear of multiple occupants. The entire Triplex can be delivered vacant upon close of escrow, or the possibility of current owners remaining on as rental tenants, is also an option.
Located centrally in the Hancock Park area, the complex is moments away from gourmet restaurants, trendy shopping and the vivacious Hollywood nightlife. The complex has a plethora of uses, which will suffice for you? A French Country home with two units for family? Perhaps a Modern style retreat with two income producing units? Or just quite possibly all three units rented for maximum profit potential? The choices are endless, but you can elevate imagination and control destiny with the most unique Triplex to ever grace the palm-lined streets of Hancock Park.