Property listed by LNS Investment Realty, Inc., K. Krystina Kim 818-974-4989
$1,295,000
Rare investment opportunity in West Koreatown/Mid-City, a beautifully maintained 1925 Spanish Revival duplex offering immediate income and meaningful long-term development potential. The property features two well-maintained units, including a 2-bedroom, 2-bathroom unit and a 2-bedroom, 1.5-bathroom unit. The property has been thoughtfully updated, and a new roof was installed in… Read More 2026.Ideally positioned within approximately 20 minutes of Culver City, Beverly Hills, and Downtown Los Angeles, the property is also just a 2-minute walk from a vibrant commercial corridor, offering convenient access to grocery stores, coffee shops, and everyday amenitiesan attractive location for both residents and rental demand.A detached garage structure is located at the rear of the property, along with a covered patio area with an existing concrete slab, which may offer additional potential for future development or ADU conversion, subject to applicable zoning and permitting requirements. Zoned R2-1 and TOC Tier 4 eligible, the property may qualify for density bonus incentives, while ADU additions may be exempt from on-site parking requirements. Based on a preliminary architect review, the site may accommodate up to two additional ADUs, with four preliminary development scenarios ranging from a single ADU addition to a two-ADU configuration available for review. These scenarios are illustrative only and have not been verified or approved by the City. Buyer is solely responsible for independently verifying zoning, ADU feasibility, density bonus eligibility, parking, permitting, existing improvements, and all other development requirements with the appropriate governing agencies and buyer's own licensed architect and/or engineer prior to close of escrow. With major improvements already completed, a desirable location, and the potential to expand rental income through additional ADUs, this property offers an attractive combination of current income and long-term value. Contact the listing agent for additional information. Read Less
Listing Snapshot
Days Online
13
Last Updated
Beds
4
3/4 Baths
4
Square Ft.
2,070
Lot Size
0.13 Acres
Year Built
1925
MLS Number
26869127
Additional Details
Appliances & Equipment
Dishwasher, Refrigerator, Dryer, Washer
Building
Built in 1925, Living area: 2070.0, 1 building, 1 storey, Levels: One, Entry level: 1
Cooling
WallWindowUnits
Heating
WallFurnace
Income
Gross Income: $71,754, Net Operating Income: $35,193
Interior Features
CeilingFans
Lot
0.1335 acres
Parking
4 open parking spaces, 4 total parking spaces, Driveway
Taxes
Parcel Number: 5083025010, Zoning: LAR2
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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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