ActiveResidential · sale

2223 Alsace Avenue

Los Angeles, CA 90016

$1,349,000

  • 4 beds
  • 2 baths
  • 1,608 sq ft
  • 0.12 acres
  • Built 1923

Listed by Character Homes · MLS #26987263

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PROPERTY QUESTIONS & SHOWINGS

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2223 Alsace Avenue, Los Angeles, CA 90016 · MLS #26987263

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A FEW THINGS TO NOTICE

What stands out.

Living spaces

Set farther back from the street, the second residence has a character of its own: a light-filled living room with substantial window casings, crown molding, and woven shades.

Details worth a look

The space flows through the rear hallway to the courtyard outside.

Year built

Built in 1923.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Set beneath the canopy of a mature tree, this Spanish compound holds something rare: two complete, freestanding bungalows on one lot, both vacant. The front residence, 2223 Alsace, sets the tone for the property with a white stucco facade, terra cotta tile accents, sculptural parapet lines, and a dramatic arched picture window. Mature hedging and established plantings frame the approach, with four off-street parking spaces behind an automatic gate across the front and along the side driveway. Inside, the arched window anchors a bright living and dining room, where refreshed interiors keep the space warm and understated. Plantation shutters filter the daylight, and crown molding gives the room a tailored finish. A breakfast bar opens the kitchen to the main room, pairing butcher-block countertops with jade-green cabinetry, matte- black hardware, and a new dishwasher. Two light-filled bedrooms and a refreshed bathroom complete the home, with a dedicated laundry area and stacked washer and dryer. The space flows through the rear hallway to the courtyard outside. Between the two residences, a brick-paved courtyard unfolds beneath the shade of a mature tree. Beyond it, blooming bougainvillea frames the approach to 2225 Alsace. Set farther back from the street, the second residence has a character of its own: a light-filled living room with substantial window casings, crown molding, and woven shades. The kitchen is generously proportioned, with stainless-steel appliances, a gas range, stone countertops, abundant cabinetry, a dedicated water-filtration system, room for casual dining, and a rear door to the outdoor spaces beyond. Two bedrooms sit along a central hall, with ample closet storage and an updated bathroom finished in subway tile, patterned flooring, a dark vanity, and matte-black accents. Fresh interior paint and central HVAC round out the home. The backyard opens into a series of outdoor rooms. A slatted pergola shelters a raised, tiled lounge terrace, with an adjoining dining area and lawn for gathering, gardening, or just spending the afternoon outside. Mature plantings and towering cypress form the backdrop, and a freestanding shed adds storage. Together, the courtyard and rear garden give the two residences a separation and privacy you rarely find on a shared lot. In Mid City, the property sits moments from one of LA's most dynamic dining corridors. Start the morning with coffee at mu.s or Jurassic Magic, enjoy breakfast at Highly Likely and Vicky's All Day, then work through Cento, Picala, Alta, Chulita, and Maydan Market. Whole Foods, Trader Joe's, and Erewhon cover the everyday shopping, while Westside Neighborhood Park and Kenneth Hahn State Recreation Area offer a change of pace. The Culver Arts District, The Culver Steps, and the Metro E and K Lines connect the property to the rest of the city.

Upcoming open houses

–12:00 am · Confirm the schedule with the listing team.

THE NEIGHBORHOOD

Explore the location.

2223 Alsace Avenue, Los Angeles, CA 90016

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THE DETAILS

The details, all in one place.

Property type
ResidentialIncome
Category
Residential
Year built
1923
Full baths
0
Half baths
0
Cooling
CentralAir
Heating
Central
Appliances
Dishwasher,Disposal,Microwave,Oven,Range,Refrigerator,Dryer,Washer
Pool
No
Pool features
None
Spa
No
Zoning
LARD2
Parcel
5062009019

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$5,620.83
Cap rate

Annual operating income:

HOA: No HOA cost is included because the listing source does not report one. Confirm whether HOA dues apply before relying on this estimate.

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Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

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Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
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Listing information

MLS #26987263 · California Regional MLS

Listing brokerage: Character Homes
Listing agent: Jose Prats

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.