1964 Vestal Ave 3 Unit Apartment Building $5,183,656 CAD ($1,727,885 CAD/Unit) 6.19% Cap Rate Los Angeles, CA 90026

Step into the personal enclave of a celebrity designer, now available for sale and ready to impress. Tucked away in the hills of Echo Park (Elysian Heights), this one-of-a-kind compound is a true entertainer’s paradise, offering captivating city views, curated interiors, and a seamless indoor-outdoor flow.
The property is comprised of 2 structures split into 3 parts. The main house spans approximately 3000sf and features 3 bedrooms and 2 bathrooms, with the entire upper level dedicated to a luxurious primary suite complete with spa-like bath, generous closets, and a private patio overlooking the city skyline. The heart of the home is a warm and sophisticated open-concept living area where the custom wood-clad kitchen, dining room, and lounge open directly onto a sprawling outdoor deck, perfect for hosting under the stars. A gazebo-style cabana completes the setting, adding a touch of resort-like ambiance.
Two additional bedrooms are thoughtfully placed on the main level, offering comfort and style. Below the main residence is an independently accessed studio space, ideal for a home office, creative studio, gym, or guest quarters.
A separate structure (duplex) features 2 reimagined units meticulously remodeled to the highest standards. The upper unit boasts 2 bedrooms, 1 bath and the open layout presents a cozy living and dining space, complete with a built-in TV and soaring vaulted ceilings, harmoniously integrated with a well appointed kitchen adorned with stone countertops and stainless steel appliances. The spa-like zen bathroom is a masterpiece of relaxation, featuring a spacious standalone rain shower and an elegant clawfoot tub. Bathed in natural sunlight, the home promotes an indoor/outdoor living ethos, accentuated by three expansive outdoor patios ideal for unwinding and hosting gatherings, with expansive views of Echo Park and the DTLA skyline. The lower unit referred to as the "Gucci Suite" boasts 1 bedroom, 1 bath and is a ideal pied-a-terre for those seeking to enjoy a peaceful retreat from the daily hustle and bustle or as a creative space. Key features for both units include energy-efficient recessed LED lighting, luxurious white oak hardwood flooring, a convenient on-site washer & dryer, private off-street parking, and central HVAC controlled by a Nest smart home system.
This versatile property is perfect for an owner user as the main home will be delivered vacant and for those seeking a solid income property the numbers pencil out. The main house is currently leased out at $11,350/month and the duplex is fully occupied; the upper unit generates $5,250/month and the lower unit generates $3,000/month. Total gross monthly income is $19,600.
With high-design finishes and a special ambiance that can’t be replicated, this compound delivers an elevated living experience and strong rental income in one of LA’s most quintessential hillside enclaves with a strong upside.