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Listed by Alex Figueroa • eXp Realty of Southern CA
$1,425,000
Est. payment /mo
907 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 907 sqft
Price per Sqft $1,571
MLS Listing ID RS-26237659
Year Built 1924
Lot Size 7,010 Sqft
Property Sub-Type Triplex
Source California Regional Multiple Listing Service (CRMLS)
Property Description
We are pleased to present this Multifamily Investment opportunity located in Los Angeles consisting of if three units TWo One -bedroom/one bath units and One Two- bedroom/one bath unit. The property is currently undergoing renovations and is completely vacant and is being offered in its current condition. For buyers seeking a fully completed renovated property, pricing will be adjusted accordingly based on the scope and level of finishes requested. The property is currently vacant and this also adds value because the new buyer will be able to establish market rents day one.
The property is zoned LARD 1.5 which may allow up to 8-10 total units, subject to the buyer to verify with the city. This creates a strong value-add component and a redevelopment opportunity for the right investor seeking additional density and long-term upside potential. This area has shown tons of growth and lots of business development in the immediate area is good for economic growth. Rendered Pictures are Renderings of the existing structure.
This property offers a unique opportunity to build in a very up and coming area and close to Downtown LA.
Buyer to do all investigation on building opportunities with the city
The property is zoned LARD 1.5 which may allow up to 8-10 total units, subject to the buyer to verify with the city. This creates a strong value-add component and a redevelopment opportunity for the right investor seeking additional density and long-term upside potential. This area has shown tons of growth and lots of business development in the immediate area is good for economic growth. Rendered Pictures are Renderings of the existing structure.
This property offers a unique opportunity to build in a very up and coming area and close to Downtown LA.
Buyer to do all investigation on building opportunities with the city
Location
State CA
County Los Angeles
Interior
Laundry None
Exterior
Parking Features Driveway
Pool None
Community Features Curbs, Street Lights, Urban
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer
Others
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John R Thompson
Broker/Owner License ID: 01200900
Broker/Owner License ID: 01200900