Property listed by Beverly and Company, Inc., Jacob Alexander 323-410-0848
$1,490,000
MAJOR PRICE IMPROVEMENT! SELLER IS MOTIVATED! Bring your offers! Property is generating income in both occupied units. Developer or Investor Opportunity in the Heart of West Hollywood's Coveted Norma Triangle! This is a rare chance to own a charming duplex on a large lot tucked away at the end of… Read More a quiet cul-de-sac, just steps from the Sunset Strip and Beverly Hills. Whether you're looking to purchase a home that has happy tenants, remodel the existing structure, or build new, this property offers incredible upside. Seller paid close to $80,000 for FULL architectural plans to build a stunning triplex conversion, which will be provided to buyer in the sale. This is one of the lowest-priced properties in this ultra-prime location, surrounded by luxury developments and multi-million dollar comps. Ideal for end users, investors, or developers looking to capitalize on the built-in land value and long-term appreciation. Additionally, there is a 2 car garage and off-street parking for 5 cars plus a BONUS space for office or storage. This property is legally zoned as a duplex and can be converted to build 3 condos/townhouses/triplex according to city. Public record shows 1,311 sq ft, however the home appears to offer several hundred more. Buyers are recommended to verify all square footage, building specifications, development potential and rent control laws. Cooperative tenant occupied, but please do not disturb occupants. Call listing agent to book a private showing! Read Less
Listing Snapshot
Days Online
113
Last Updated
Beds
2
Square Ft.
1,311
Lot Size
0.13 Acres
Year Built
1923
MLS Number
25572431
Additional Details
Appliances & Equipment
Dishwasher, Disposal, Microwave
Building
Built in 1923, Living area: 1311.0, 1 building, Levels: One
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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