This property presents an exciting development opportunity in the highly sought-after Mid City area, just minutes from USC. The lot, spanning 7,100.1 square feet, is zoned RD1.5-1, making it ideal for a variety of residential projects. Currently, the property includes a two-story building with 5 bedrooms and 2 bathrooms, currently being operated as a short-term rental. The building will be delivered vacant, allowing the new owner to either continue generating Airbnb income or begin their development plans immediately. Please note, there are tenants on-site, so showings are by appointment only. The lot features an accessible alley, providing easy access for future construction. The property offers two potential development plans. The first option involves converting the existing building into a 6-bedroom, 5-bathroom single-family home, which could be rented out by the bedroom. In the backyard, a 4-story triplex could be constructed, offering 21 bedrooms and 21 bathrooms, bringing the total to 27 bedrooms and 26 bathrooms. Alternatively, the second plan proposes building a 4-story duplex in the rear, with 26 bedrooms and 26 bathrooms, resulting in a total of 32 bedrooms and 31 bathrooms. With its prime location near USC and its significant development potential, this property offers an incredible opportunity for investors and developers looking to capitalize on the growing demand for student housing in the area.
|
DAYS ON MARKET
|
23
|
LAST UPDATED
|
12/5/2024
|
|
YEAR BUILT
|
1903
|
COMMUNITY
|
Mid Los Angeles
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Single Family
|
|
|
| School District |
Los Angeles Unified |
| AIR |
None |
| AREA |
Mid Los Angeles |
| CONSTRUCTION |
Concrete, Glass, Wood Siding |
| FIREPLACE |
Yes |
| GARAGE |
Driveway, On Street |
| HEAT |
None |
| HOA DUES |
0 |
| INTERIOR |
Eat-in Kitchen |
| LOT |
7102 sq ft |
| LOT DESCRIPTION |
Back Yard, Front Yard, Yard |
| PARKING |
Driveway,On Street |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| STYLE |
Victorian |
| UTILITIES |
Cable Available,Electricity Connected,Natural Gas Connected,Phone Available,Sewer Connected,Water Connected, Electric: Standard |
| VIEW |
Yes |
| VIEW DESCRIPTION |
Neighborhood |
| WATER |
Public |
| ZONING |
LARD1.5 |
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Listed with Keller Williams Realty-Studio City
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 12/28/24 2:52 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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