2132 Alcyona, Los Angeles, CA

About 2132 Alcyona

Tucked into the coveted Hollywood Dell and held by the same family since 1975, this 1953 duplex delivers a rare combination of location, income potential, and upside. Each unit offers 2 bedrooms and 1 bathroom across a combined 2,381 sq ft on an 8,623 sq ft hillside lot with a gated street-level entry and stairways leading up to each residence. Both units feature vaulted ceilings that amplify the light and space, with Unit 2132 offering a private balcony with city views and Unit 2134 enjoying a larger private yard and patio ideal for indoor and outdoor living. A detached 2 car garage includes an interior second-story storage room, a flexible bonus rarely found in the hills. Presented as a cosmetic fixer with the big-ticket items already handled, including a roof approximately 2 years old, a brand new AC in Unit 2132, and a newer AC in Unit 2134, the property is delivered fully vacant at close and offers a blank slate: refresh both units and capture rents in a pocket where the nearest comparable units command a significant premium. An ideal fit for investors, house hackers, and owner-occupants who want the Hills lifestyle with the second unit carrying the mortgage. All of this moments from Franklin Village, Lake Hollywood, the studios, and easy 101 access. Opportunities in the Dell at this price point rarely come around.

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