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This prime Los Feliz property, located adjacent to Hollywood Hills, offers a strong unit mix of two massive, townhouse-style three-bedroom units and four one-bedroom units. Three units will be delivered vacant, presenting immediate value-add or redevelopment potential. The front duplex features new electrical, plumbing, and roof, while the rear fourplex also has a new roof and updated plumbing. Situated on a large 10,590 SF lot with Tier 3 TOC incentives, the property includes one garage and six open parking spaces ideal for potential ADU conversion under SB1211. With eligibility for redevelopment through the CHIP Ordinance to build 50+ units or 70+ units through ED1, the land is very well priced at $177.05 per square foot. This is a rare opportunity for both short-term cash flow and long-term development upside in one of LA's most desirable neighborhoods. With three units delivered vacant and a large LAR3 lot with Tier 3 TOC incentives, this property offers immediate income potential alongside exceptional redevelopment opportunities through CHIP, ED1, or ADU conversion in a prime Los Feliz location.
| DAYS ON MARKET | 12 | LAST UPDATED | 9/19/2025 |
|---|---|---|---|
| YEAR BUILT | 1923 | COMMUNITY | 637 - Los Feliz |
| COUNTY | Los Angeles | STATUS | Conditional |
| PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AREA | 637 - Los Feliz |
|---|---|
| GARAGE | Yes |
| LOT | 10594 sq ft |
| PARKING | Garage, Tandem |
| STORIES | 2 |
TOTAL MONTHLY PAYMENT
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