Property listed by GNZ Inc., Corina B. Gonzales 310-418-1200
$2,799,000
First-time on the market in 27 Years! A rare repositioning and development opportunity situated in the heart of West Hollywood. This existing triplex is comprised of a 3-bedroom, 2-bathroom unit, a 2-bedroom, 1-bathroom unit, a 1-bedroom, 1-bathroom unit and 1,000 s.f. storage, set on a 7,002 square foot lot. Delivered… Read More vacant at close of escrow, the property provides flexibility for an owner-user or investor offering the ability to renovate and lease the existing three units or pursue new development opportunities such adding 3 ADUs, a 35-unit affordable housing, or a 10-bed assisted living facility (Buyer to verify). Situated within the City of West Hollywood's Fountain Avenue Streetscape Project, the property stands to benefit from significant area enhancements designed to improve walkability, landscaping, and neighborhood character. A true value-add opportunity to acquire a vacant triplex or exceptional development site within one of Los Angeles' most dynamic communities. Read Less
Listing Snapshot
Days Online
8
Last Updated
Beds
6
Square Ft.
3,945
Lot Size
0.16 Acres
Year Built
1917
MLS Number
25583427
Additional Details
Building
Built in 1917, Living area: 3945.0, 3 buildings, 2 stories, Levels: Two
Heating
Central
Income
Gross Income: $180,960, Net Operating Income: $138,120
Lot
0.1612 acres
Parking
Driveway, OnStreet
Taxes
Parcel Number: 5530005010, Zoning: WDR2*
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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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