Located in one of the prime areas in Los Angeles, this property offers a fantastic investment potential. Situated in a sought-after location, it holds a C2-1 zoning and an impressive 8,150 sq ft lot. The possibilities here are endless. You have the option to add two additional ADUs (Accessory Dwelling Units) or completely redevelop the property. There is also an option to rehab the existing units and increase your income by a staggering 73%. What's even better, this property qualifies for the Transit Oriented Communities (TOC) Tier 2 and Executive Directive 1 (ED 1) programs, making it an ideal choice for those interested in smart and sustainable development. The location itself is a dream. Nestled in the vibrant Westlake/Echo Park/Downtown area, you'll have easy access to mass transit options, coffee houses, restaurants, bars, museums, theaters, galleries, parks, and everything else that L.A. has to offer. And let's not forget about the breathtaking city and DTLA skyline views! Before making an offer, it's important to conduct your due diligence.
|
DAYS ON MARKET
|
271
|
LAST UPDATED
|
10/19/2024
|
|
YEAR BUILT
|
1923
|
COMMUNITY
|
Downtown L.A.
|
|
GARAGE SPACES
|
4.0
|
COUNTY
|
Los Angeles
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
| School District |
Los Angeles Unified |
|
Prior to Apr 12, '24
|
$2,000,000
|
|
Apr 12, '24 - Jun 4, '24 |
$1,900,000
|
|
Jun 4, '24 - Aug 6, '24 |
$1,700,000
|
| Aug 6, '24 - Today |
$1,500,000 |
| APPLIANCES |
Dishwasher, Refrigerator |
| AREA |
Downtown L.A. |
| CONSTRUCTION |
Stucco |
| GARAGE |
Assigned, Concrete, Covered, Driveway, Paved, Private, Shared Driveway, Side by Side, Yes |
| HEAT |
Forced Air |
| INTERIOR |
Ceiling Fan(s) |
| LOT |
8153 sq ft |
| LOT DESCRIPTION |
Back Yard, Front Yard, Landscaped, Lawn, Rectangular Lot, Value In Land, Yard |
| LOT DIMENSIONS |
136x60 |
| PARKING |
Assigned,Concrete,Covered,Driveway,Paved,Private,Shared Driveway,Side By Side |
| POOL DESCRIPTION |
None |
| SEWER |
Other |
| STORIES |
2 |
| STYLE |
Other |
| VIEW |
Yes |
| VIEW DESCRIPTION |
City Lights |
| ZONING |
LAC2 |
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Listed with Keller Williams Beverly Hills
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/26/24 5:24 AM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2024.
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