Property listed by Coldwell Banker Realty, Christina Kim 626-584-0050
$849,000
Fixer opportunity in the desirable Melrose Hill neighborhood of Los Angeles! The property features a 3-bedroom, 2-bathroom front house that will be delivered vacant at the close of escrow, along with a separate, tenant-occupied 1-bedroom, 1-bathroom permitted garage conversion. Built in 1918, this property offers approximately 1,826 square feet of… Read More living space on a 5,698-square-foot LAR3-zoned lot. With plenty of potential for renovation and improvements, this property presents an excellent opportunity for investors, developers, or owner-users looking to add value. Conveniently situated in Melrose Hill, the property offers easy access to Koreatown, Hancock Park, Hollywood, Downtown Los Angeles, and surrounding employment centers. The neighborhood is known for its growing dining scene, shopping, entertainment, and accessibility to major transportation corridors, making it an attractive location for both homeowners and renters. The property's LAR3 zoning provides additional possibilities for those interested in exploring future development or expansion, subject to city approvals and applicable regulations. Its central location, flexible layout, and renovation potential make it an appealing opportunity for buyers looking to maximize the property's value. Whether you're an investor seeking a long-term rental property, a developer exploring future possibilities, or an owner-user looking to customize a home to your vision, this Melrose Hill fixer offers an opportunity to create something special in a centrally located Los Angeles neighborhood. Read Less
Listing Snapshot
Days Online
35
Last Updated
Beds
4
3/4 Baths
3
Square Ft.
1,826
Lot Size
0.13 Acres
Year Built
1918
MLS Number
26996107
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1918, Living area: 1826.0, 2 buildings, 1 storey, Levels: One
Lot
0.1308 acres
Parking
Driveway
Taxes
Parcel Number: 5521016031, 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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