We’re raving fans of Tenants in Common (TIC) homeownership. They’ve proven to be an excellent alternative for first-time buyers to buy a stylish space in a pricey neighborhood at a relatively affordable price. Case in point is this restored Angelino Heights TIC. It’s a 1930s Spanish-style unit in the heart of a historic neighborhood, featuring preserved character details and views of the Downtown skyline.
The details of this 1920s-period building begin curbside. Recessed windows, barrel roof tiles, a wrought iron handrail, and decorative stucco surround the arched porch entry, capturing the essence of the era.
The one-bedroom, one-bathroom residence, measuring 720 square feet, opens to a series of defined spaces. The living room is centered by a large picture window and grounded by original hardwood floors and textured plaster walls that continue throughout the interior. The owner says she enjoys views of the Downtown skyline from the picture window, “especially in the late afternoon as the light fades.” Adding to the living room’s charm is a decorative fireplace.
Adjacent to the living room is a galley-style kitchen and dining area. There’s a private balcony, making it a perfect spot to create a balcony garden. Connecting the living room, kitchen, and bedroom is a hallway that evokes a bygone era with its built-ins and alcoves. A bonus space just outside the bedroom makes for a delightful home office. French doors from the bedroom open onto a second private balcony, offering sweeping views of the surrounding hills.
Edgeware Road is a four-unit Angelino Heights TIC built in the City of Los Angeles’s first recognized Historic Preservation Overlay Zone (HPOZ). This means homeowners can’t remodel the exterior, and any new construction must resemble the original architecture. It also requires residents to get HPOZ committee approval before making any cosmetic changes to the outside of the home, like painting.” It also means that architectural lovers will continue to enjoy the preserved grand Victorians, including the famous Carroll Avenue Victorians, as well as Craftsman, Bungalow, Mission Revival, Art Deco, and Colonial Revival styles, for years to come. In addition, the neighborhood is situated below Sunset Boulevard, where residents enjoy the Echo Park Lake and local favorites such as Honey Hi, Clark Street Bakery, The Douglas, and Dodger Stadium. The asking price is $729,000. Monthly HOA dues are $148.25.
