DEVELOPMENT DEAL. Prime Development Opportunity R3 Lot with Partial RTIAn exceptional opportunity for developers and investors! This R3-zoned lot comes with a partially RTI (Ready-To-Issue) permit, having already passed Planning and currently awaiting approval from the Building and Safety Department. The proposed project is sited for a 20-unit build, consisting of 16 primary units plus 4 ADUs on the ground floor, maximizing the lot's development potential.Located in a high-demand area with strong rental upside, this property is ideal for those looking to capitalize on Los Angeles's growing need for multi-family housing. With much of the entitlement process already completed, this is a rare chance to step into a nearly shovel-ready development with significant upside.Don't miss this outstanding investment opportunity to build a high-yield asset in a desirable neighborhood. The home currently is a Single Family. Floors have been redone, home has been painted inside and out, new Kitchen, new bathrooms, has never been lived in. Large lot of almost 7k sq feet with a newly constructed backyard. This beautiful home is move in ready. Location is ideal, min from Beverly Grove and a few blocks from Freeway. Easy to show and could be leased furnished as well. Already cash flowing at $4,800/ month with tenant in place month to month
|
DAYS ON MARKET
|
18
|
LAST UPDATED
|
6/1/2025
|
|
YEAR BUILT
|
1925
|
COMMUNITY
|
C16 - Mid Los Angeles
|
|
GARAGE SPACES
|
2.0
|
COUNTY
|
Los Angeles
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Single Family
|
|
Prior to Jun 1, '25
|
$1,900,000
|
| Jun 1, '25 - Today |
$1,750,000 |
| AIR |
None |
| APPLIANCES |
Dryer, Gas Cooktop, Refrigerator, Vented Exhaust Fan, Washer |
| AREA |
C16 - Mid Los Angeles |
| FIREPLACE |
Yes |
| GARAGE |
Yes |
| HEAT |
Floor Furnace |
| LOT |
6887 sq ft |
| LOT DIMENSIONS |
55x125 |
| PARKING |
None |
| POOL DESCRIPTION |
None |
| STORIES |
1 |
| STYLE |
Craftsman |
| VIEW DESCRIPTION |
None |
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Listed with Christie's International Real Estate SoCal
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 6/8/25 12:06 AM PDT 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 2025.
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