2342 Cove Ave, LOS ANGELES, CA

$2,480,000

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4

Beds

4

Baths

2,169

Square feet

0.17

Acres

About 2342 Cove Ave

Presenting Historic Cultural Monument 868 - The O'Neill Duplex No. 1 by Rodney Walker in Silver Lake. Rodney Walker contributed Residences #16-18 in the Case Study House Program after studying under RM Schindler. Having shunned formal AIA licensing throughout his career, he considering himself a builder and craftsperson, taking an active, physical role in the building and construction of his homes. This single level, side-by-side duplex originally built for Virginia O'Neill in 1953 is enveloped in a serene natural setting, oriented with views from every room toward the sparkling Silver Lake Reservoir, Hollywood sign, and the Griffith Observatory. Each unit offers a flexible floorplan of 2 bedrooms and 2 bathrooms, with expansive floor-to-ceiling walls of glass opening to private yard spaces that seamlessly blends indoor/outdoor living. The property is uniquely intact with low pitched gabled rooflines and exposed beams, wood paneling, louvered windows, built-in cabinetry and combed plywood exterior siding. Both units have undergone sensitive restoration work to retain its original integrity in design and materials. Sited up a private driveway, with 4 parking spaces, EV charging station and fully gated, secure entry for residents. Photographed by Julius Shulman in 1954, Duplex No. 1 and Duplex No. 2, both built for the original owner, are sited across two adjacent graded lots, the latter of which has since been sold and converted into a single family home. Owners currently enjoy significant yearly tax savings with enrollment in the Mills Act Tax Credit Program. An exclusive offering set amidst a hillside replete with some of the most rare mid century architecture in the world - the cause celebre of Silver Lake.

Features of 2342 Cove Ave

MLS® # 24-383861
Price $2,480,000
Units 2
Bedrooms 4
Bathrooms 4.00
Square Footage 2,169
Acres 0.17
Year Built 1953
Type Residential Income
Sub-Type Duplex
Status Active

Community Information

Address 2342 Cove Ave
Area Silver Lake - Echo Park
City LOS ANGELES
County Los Angeles
State CA
Zip Code 90039

Amenities

Parking Spaces 4
Garages Assigned, Driveway
Is Waterfront No
Has Pool No

Interior

Heating Wall
Cooling Wall Unit(s)
Fireplace No
# of Stories 1
Has Basement No

Additional Information

Date Listed April 25th, 2024
Days on Market 13
Zoning LAR1
Foreclosure No
RE / Bank Owned No
Cap Rate 4.93
Gross Operating Income $135,120
Net Operating Income $124,216

Unit 1 Details

Beds 2
Baths 2.00
Rent $5,460

Unit 2 Details

Beds 2
Baths 2.00

Listing Details

AgentJoe Reichling (01427385)
OfficeCompass

Listing Map

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