$1,795,000 - 1722 Nichols Canyon Road, Los Angeles

Los Angeles Home For Sale

Reduced $200k. Priced to move - great option for investors looking for major upside. 1722 and 1724 Nichols Canyon present a rare and versatile opportunity in one of Lower Nichols Canyon's most sought-after locations. Set on a single lot, the property currently functions as two thoughtfully updated and remodeled houses: a charming front house with a private yard and a separate rear guest house, offering both privacy and flexibility. Exceptional off-street parking accommodates both homes, an uncommon convenience in this coveted hillside enclave. Land use and Zoning allow for legal multifamily use, the property provides immediate income along with compelling potential for future redevelopment or creative re-imagining. The front residence, a two-bedroom, two-bath home, is presently leased at $4,650 per month, while the rear one-bedroom, one-bath residence generates $3,495 per month. Both units are rented on a month-to-month basis, allowing for maximum flexibility for an owner-user or investor. Located in the heart of Lower Nichols Canyon, the property is surrounded by a lush, tree-filled landscape that defines this serene Hollywood Hills neighborhood. Known for its peaceful, "country-in-the-city" ambiance, the area features a harmonious blend of modern, rustic, and luxury homes, all just moments from the energy of Hollywood, Sunset Strip, and West Hollywood.