Residential Income In Los Angeles

A rare two-residence compound delivered completely vacant in the heart of Hollywood. Set behind gates on a charming bungalow-lined street in the historic Selma La Baig enclave, 1554-1556 La Baig Avenue features two completely detached California bungalows, each with its own address, full kitchen, central HVAC, and separate electrical and gas meters. Originally built in 1911, both residences have been thoughtfully reimagined for modern living while preserving their warmth and character. The front residence offers three bedrooms and two bathrooms, with an oversized gourmet kitchen, large center island, dedicated dining area, and spacious living room anchored by a custom solid white-oak fireplace mantel. The rear residence includes two bedrooms, two bathrooms, a full kitchen, and its own private living spaces. Both homes feature new white-oak flooring, skylights, walk-in primary closets, freshly painted interiors and exteriors, updated bathrooms, olive-toned kitchen cabinetry, quartz countertops, and refinished entry doors. At the center of the property, a custom saltwater pool and spa with fountains and atmospheric LED lighting creates a resort-like setting surrounded by palms, layered landscaping, mature mango and avocado trees, and an irrigated herb garden. A refinished outdoor shower, built-in fire pit, and retractable cinema screen with Epson projector provide exceptional spaces for entertaining, while tempered safety-glass fencing surrounds the pool. Additional features include a finished garage with electricity, remote and keypad access; a rebuilt telescopic entry gate; separate doorbells for each residence; an electronically coded mailbox with an oversized package compartment; Philips Hue smart lighting; smart-home features; a 10-camera security system with intercom; Tesla Powerwall, solar panels and EV charger; tankless water heater; solar-powered pool-cleaning system; updated electrical grounding; rehabilitated sewer system with a 10-year warranty; new fencing; roof improvements; and new entry stairs. Private, flexible and rich with atmosphere, the property presents an extraordinary opportunity as an investment, multi-generational compound , guest retreat or creative environmentor to live in one residence while renting the other. Moments from Hollywood’s celebrated studio and entertainment corridor, Griffith Park, Trader Joe’s, Bristol Farms, the Metro B Line and the 101 freeway, this singular compound brings together history, design, technology, income potential and resort-style living.