Description
Welcome to THE STANLEY! This stunning Spanish-style duplex sits on one of the most desirable streets in the Mid-Wilshire/Miracle Mile HPOZ! Offering two generous-sized units, the property is fully-occupied and currently generating $10,400 in monthly gross rent. The property provides significant potential to boost income through rent increases as well as the ability to add ADUs to enhance the overall cash flow of the property.-The upstairs unit, previously occupied by the owner, is currently rented at $5,200 providing 3 bedrooms, 2.5 baths. Remodeled in 2021, this meticulously renovated masterpiece is where custom craftsmanship meets contemporary luxury. From the moment you enter, you're greeted with a stunning open floor plan adorned with oak hardwood floors, stained heather grey, with soaring ceilings, hand crafted 7 foot doors, and artisan millwork throughout. The chef's kitchen featuring granite countertops, custom stove backsplash, with pot filler, custom dover-tailed cabinetry, and stainless steel quality appliances. The home features Kohler fixtures, a tankless water heater, GenAir dual fuel stove, wood burning fireplace, smart home wired, with CAT 6 cabling, NEST smart controls, and whole home audio. The master bedroom features a Spa-inspired bathroom, offer imported Italian tile, frameless glass showers, 72 inch cast iron double slipper clawfoot bathtub and designer fixtures. No detail has been overlookedthis home is a rare blend of function, finesse, and flair. The downstairs unit currently rented at $5,200 and provides 3 bedrooms & 2 baths, remodeled in 2023 with Kohler, and other high end finishes. Well maintained with tremendous pride of ownership, both units provide large living areas, formal dining rooms, breakfast nooks, in-unit laundry, private balconies and high-speed smart-home technology. Two garage structures in the back of the property provide ample parking alongside the ability to develop ADUs (Additional Dwelling Units) & increase property cash flow. Conveniently located near LACMA, Beverly Hills , Petersen's Automotive Museum, the world famous, "Grove", and 3rd Street shops, we are excited to show you the lifestyle this property has to offer!
