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 1930s Spanish unit in the heart of historic Angelino Heights with preserved character details and views of the Downtown skyline.
The details of this 1920s-period building begin curbside. Recessed windows, barrel roof tiles, wrought iron handrail, and decorative stucco surrounding the arched porch entry decorate the facade, capturing the era’s essence.
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 to the living room, kitchen, and bedroom is a hallway that echos a bygone era with built-ins and alcoves. A bonus space just outside the bedroom makes for a delightful home office. French doors from the bedroom lead to a second private balcony with sweeping views of the surrounding hills.
Listed by Kristin Londgren with Compass, 1128 1/2 W Edgeware Road is a four-unit TIC built in the City of Los Angeles’ first recognized Historic Preservation Overlay Zone (HPOZ). “This means homeowners can’t remodel the exterior, and requires any new construction to 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 architectural lovers will continue to enjoy the preserved grand Victorians, including the famous Carroll Avenue Victorians, Craftsman, Bungalow, Mission Revival, Art Deco, and Colonial Revival for years to come. And while the neighborhood savors in well-preserved architecture, it sits below Sunset Blvd, where residents enjoy the Echo Park Lake and local favorites like Honey Hi, Gra, Clark Street Bakery, The Douglas, and Dodger Stadium. The asking price is $729,000. Monthly HOA dues are $148.25.