Property listed by Keller Williams Realty Los Feliz, Matthew Chang 323-300-1000
$1,099,000
VACANT AT CLOSE OF ESCROW! Exceptional opportunity to acquire a fully vacant duplex in the heart of Koreatown, offering immediate flexibility for investors, owner-users, and developers alike. Situated on a generous 6,231 sq ft lot, 4504 & 4506 W Maplewood Ave features two well-maintained units with significant income and development… Read More potential.The front residence offers approximately 1,300 square feet with 2 bedrooms and 2 bathrooms, featuring spacious living areas, abundant natural light, and functional living spaces. The rear residence is approximately 800 square feet and also includes 2 bedrooms and 2 bathrooms, providing an ideal layout for rental income, multigenerational living, or an owner-user seeking supplemental income.One of the property's most attractive features is that it will be delivered completely vacant, allowing the next owner to lease both units at market rents, occupy one or both units, renovate and reposition the asset, or pursue redevelopment opportunities from day one. The detached garage presents excellent ADU conversion potential for additional income, while the large lot may offer future expansion or development possibilities for those looking to maximize the property's value.Located on a quiet residential street in one of Los Angeles' most sought-after rental markets, the property is surrounded by an incredible collection of restaurants, cafes, and neighborhood amenities. Enjoy easy access to Koreatown's renowned dining scene, including popular Korean BBQ destinations, trendy cafes, bakeries, and nightlife. Nearby Larchmont Village offers charming boutiques, restaurants, and coffee shops, while Downtown Los Angeles, Hollywood, and Hancock Park are just minutes away.Conveniently positioned near major transportation corridors, Metro stations, and employment centers, this location continues to attract strong tenant demand and long-term appreciation. Whether you're seeking a value-add investment, an owner-user opportunity, an ADU project, or a future development site, this vacant duplex offers endless possibilities in one of Los Angeles' most vibrant and centrally located neighborhoods. Read Less
Listing Snapshot
Days Online
14
Last Updated
Beds
4
Square Ft.
2,108
Lot Size
0.14 Acres
Year Built
1922
MLS Number
26847607
Additional Details
Appliances & Equipment
Dishwasher
Building
Built in 1922, Living area: 2108.0, 1 building, Levels: One
Cooling
CentralAir
Disclosures
RentControl
Heating
Central
Income
Gross Income: $6,600, Net Operating Income: $75,600
Laundry
Stacked
Lot
0.1431 acres
Parking
3 open parking spaces, 5 total parking spaces, Uncovered
Taxes
Parcel Number: 5521020011, Zoning: LAR3
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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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