1026 S Crescent Heights, Los Angeles, California 90035, Los Angeles, 90035 - 6 bed, 4 bath
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Los Angeles, California 90035
This Residential Income Duplex represents a High-Potential Investment Opportunity, listed at $1,999,000—positioned slightly above the $1,994,150 Fair Market Value. While priced at market, the property offers significant upside through a 5.3% CAP rate and the potential to reach 7%+ via ADU conversion. Featuring a Condition Rating of 4, the units offer classic 1930s architecture, a private swimming pool, and proximity to Beverly Hills High School. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-value, income-generating asset in Carthay Square.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1026 S Crescent Heights Subject | $1,999,000* List Price | 6 | 4 | 4,007 | $498 | - |
A 1071 S Crescent Heights Boulevard Active | $1,775,000 List Price | 0 | 0 | 3,587 | $495 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the property shows pride of ownership and is functional, the kitchen and bathrooms feature renovations (oak cabinetry, granite patterns, and tile work) that appear to be 20+ years old. The aesthetic is dated, and while move-in ready, it fits the criteria for needing cosmetic updates to meet modern standards.
High School: Beverly Hills High School (9/10).
The property offers a strong 5.3% CAP rate with significant upside potential to reach over 7% by converting the existing two 2-car garages into additional ADUs.
Located in the prestigious Carthay Square near Beverly Hills, this duplex provides the flexibility of a high-performing income property or a luxurious owner-user opportunity with one unit delivered vacant.
Built in 1932, the property may require ongoing specialized maintenance or future capital improvements to aging systems typical of historic Los Angeles structures.
With a 5,491 sqft lot already occupied by a large duplex and a pool, adding ADUs would significantly increase site density and reduce available outdoor leisure space.
Welcome home to the Highly sought-after Carthay Square. This charming and specious Duplex offers a unique blend of a beautiful Spanish-Style 1930s Classic Home to live in, together with a great, positively cash flowing real estate investment. This Beverly Hills Adjacent area is likely to enjoy an everlasting value. Each unit boasts over 2,000SF of a large home full of light, with 3 bedrooms – 2 baths and an office. Each unit has a formal living room with an impressive fireplace, oversized window that looks over the tree-lined street and a formal dining room with high ceiling and a beautiful chandelier. Each unit has a utility / laundry room that leads to the back door. The property is well maintained by the current owner and shows pride of ownership. The backyard has a private swimming pool. The property comes with two separate 2-car garages, one for each unit. A Savi investor or homeowner may consider the potential of converting the garage into two additional ADUs or building 2 ADUs above the garage for additional income. At the current configuration the duplex has a 5.3% CAP rate, but with the proposed ADUs it can get up to the 7+. The downstairs unit is currently rented at $5,300 per month but the upstairs unit will be delivered vacant for the buyer to either occupy or rent for a similar or a higher rent. A financing scenario that was obtained from a major bank shows the total monthly out of pocket payment for an owner occupied to be $4,628 including Tax and Insurance, with a 20% downpayment (subject to qualification). This is a unique opportunity to have it all in an amazing location in LA, the home is just minutes away from the Beverly Center, The Grove, The Farmers Market, Miracle Mile's museums, Culver City's cultural center, the nightlife of West Hollywood and much more..
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.8 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.0 | 50% |
| Baths | 4.0 | 2.0 | 50% |
| Square foot | 4,007 | 4,238.5 | 50% |
| Lot Size | 5,491 | 5,930.5 | 50% |
| Price | $2.00M | $2.11M | 50% |
| Price per sq ft | $499 | $498 | 50% |
| Built year | 1932 | 1936 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 54 | 50% |
May 27, 2026
$1,999,000
Initial Listing
Feb 20, 2015
$1,500,000
Public Record