1323 Lilac Ter$1,499,000For Sale

Ideally located in one of LA's hippest neighborhoods, this newly renovated and expanded quadruplex offers a rare opportunity to own a high-quality, income-producing property with breathtaking views of Downtown Los Angeles. Built in 2019, the modern 4-story front duplex, with a 2-car garage, sits privately behind lush hedges and features a welcoming front courtyard. The lower unit is a stylishly designed 1 bedroom with a full bath, perched above a 2-car garage; complete with exposed concrete floors, open-concept living, in-unit laundry, and a dedicated sleeping area. Above it, the expansive two-story top-floor unit with 1 bedroom, 1 bathroom impresses with soaring two-story ceilings and an abundance of natural light. This stunning space includes a spacious open floor plan, engineered hardwood floors, a sleek guest bath, in-unit laundry, and a chef's kitchen outfitted with premium Viking appliances. Upstairs, a primary bedroom, an ensuite spa-like bath, and a separate glass-enclosed office overlook the main living area. Private exterior stairs lead to an incredible rooftop deck with jaw-dropping panoramic views of DTLA and Sunset Blvd. Both front units are tenant-occupied - Upper Unit (1325 1/2) is rented at $4,000/month, and the Lower Unit (1323 1/2) is rented at $2,200/month. Tucked behind the front building, the original 1925 rear duplex delivers quaint charm and privacy. Situated on the right rear side of the property, Unit 1323 features 3 bedrooms, 2 bathrooms, hardwood floors, an updated bath, a shady front porch, and an additional storage space/laundry room below the main living area. Unit 1325 sits just to the left with 2 bedrooms, 2 baths, its own side entry, a hidden front porch, a private back patio, and a spacious storage space below the main living area. Delivered fully vacant, this rear duplex offers excellent upside potential. Projected market rents are $4,000/month for the 3BD (#1323) and $2,500/month for the 2BD (#1325). Just steps from the Elysian Park trails and blocks from the vibrant Sunset Blvd scene, this location offers unbeatable accessibility - grab your morning coffee at the new Goop Kitchen, a mid-afternoon slice at Quarter Sheets, and meet the gang for drinks and a band at Little Joy in the evening, all without getting in your car. With high demand, modern amenities, and immediate rental upside, this is a unique opportunity to own a stylish, income-generating property in one of the Eastside's most desirable neighborhoods.