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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$1,150,000

Est. payment - /mo

7,605 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Pending

Purchase Type For Sale

MLS Listing ID GD26023222

HOA Y/N No

Year Built 1922

Lot Size 7,605 Sqft

Property Sub-Type Triplex

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

Area C17 - Mid-Wilshire

Zoning LAR3

Interior

Fireplace No

Laundry Inside

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Curbs

Utilities Available Electricity Available, Natural Gas Available, Sewer Connected, Water Connected

View Y/N No

View None

Total Parking Spaces 2

Private Pool No

Building

Lot Description Rectangular Lot

Story 2

Sewer Public Sewer

Water See Remarks

New Construction No

Others

Senior Community No

Tax ID 5520010019

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

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Listed by Nick & Mike Nick & Mike Keller Williams R. E. Services 8184062777, DRE #00976678

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519 N Alexandria Los Angeles, CA 90004