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… Read More 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. Read Less
Property listed by Keller Williams Beverly Hills, Jacob Kesherim 310-432-6400
Listing Snapshot
Days Online
188
Last Updated
Property Type
Other
Beds
8
Square Ft.
5,440
Lot Size
0.19 Acres
Year Built
1923
MLS Number
24361639
30 Days Snapshot Of 90057
$524k
-28%
(avg) sold price
2
-33%
homes sold
40
-44%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dishwasher, Refrigerator
Building
Built in 1923, Building area total: 5,440, Levels: Two, Living area: 5440, 2 stories, 1 building, Architectural style: SeeRemarks, Construction materials: Stucco
Community
Gated
Expenses
Insurance expense: $2,148, Maintenance expense: $2,880, New taxes expense: $21,250, Water sewer expense: $8,000
Based on information from California Regional Multiple Listing Service, Inc. as of 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.
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