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$1,050,000
Est. payment /mo
8 Beds
4 Baths
3,081 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,081 sqft
Price per Sqft $340
MLS Listing ID 25509591
Bedrooms 8
HOA Y/N No
Year Built 1922
Lot Size 7,505 Sqft
Property Description
Prime Development Opportunity in Koreatown Adjacent R3 Zoning! Located in a rapidly developing area near Koreatown, this R3-zoned property sits on a spacious 7,505 sqft lot, making it an ideal candidate for redevelopment or a lucrative rental investment. Surrounded by large apartment complexes and offering easy access to major freeways, this location provides exceptional convenience and strong demand for housing. The property currently consists of three income-generating units: Unit #1: 4BR/2BA $3,200/month (Front Unit) Unit #2: 2BR/1BA $1,255/month (Second Floor) Unit #3: 1BR/1BA $1,890/month (First Floor). Additional features include two garages plus six additional parking spaces, providing ample parking options for tenants or future development plans. Totaling $6,345/month in rental income, this investment presents immediate cash flow while offering tremendous potential for future development. With ongoing city redevelopment efforts in nearby Hollywood and Koreatown, plus Metro expansion improving accessibility, this location is poised for continued growth. Don't miss this rare opportunity to capitalize on a prime LA property with endless possibilities! Buyer to verify all zoning and development potential.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning LAR3
Interior
Heating Natural Gas
Fireplace No
Appliance Dishwasher, Gas Cooktop, Disposal, Refrigerator, Dryer, Washer
Exterior
Parking Features Garage
Pool See Remarks
View Y/N Yes
View Mountain(s)
Roof Type Composition,Shingle
Building
Faces West
Entry Level Two
Sewer Other
Architectural Style Contemporary
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5520003030
Security Features Smoke Detector(s)
Special Listing Condition Standard
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Listed by Paul Yoo • Keller Williams Larchmont
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