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$ 1,349,000
Est. payment | /mo
5 Beds
3 Baths
7,607 Sqft Lot
$ 1,349,000
Est. payment | /mo
5 Beds
3 Baths
7,607 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID GD26011774
Bedrooms 5
Lot Size 7,607 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Ideal value add opportunity. Existing three vacant units consisting of two large 2 bedrooms, one bath units and a detached one 1 bedroom, one bath house needing some work. The three car garage offers the opportunity for addition of ADUs. Property is located in close proximity to Downtown Los Angeles, Hancock Park, Silver Lake, Koreatown, and East Hollywood and also offers potential for a 9-unit residential project, subject to buyer verification and city approvals. The City of Los Angeles provides numerous housing and density incentive programs that may allow optimization of unit count and overall project feasibility. Centrally located near major transportation routes, employment centers, shopping, dining, and public amenities. An excellent opportunity for developers or investors seeking a well-located property in a high-demand rental market. Buyer to verify zoning, incentives and development feasibility for ADU's and multi units.
Location
State CA
County Los Angeles
Zoning Assessor
Direction North of Beverly, South of Melrose, East of Normandie and West of Vermont
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5520010019
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
Listed by Nick & Mike Nick & Mike Keller Williams R. E. Services
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