Property listed by Innovate Realty, Inc., Suzanne Abolhosseini 949-344-5131
$1,399,000
Don't miss this incredible investment opportunity in the heart of Los Angeles! This expansive property is made up of three separate buildings with 7 total units, with potential for 10 units. Five of the current units showcase two bedrooms and one full bathroom while two of the units are made… Read More up of one bedroom and one bathroom. Nestled in the desirable Mid-Wilshire area, it's located in a Qualified Opportunity Zone (QOZ) potentially offering powerful tax benefits. The exterior charm boasts the spirit of Los Angeles, alongside a full length concrete driveway serving the back garages and parking spaces. This investment is zoned LAR3-1 and is additionally located within a Tier 3 TOC Area, allowing for potential additional development density bonuses due to its proximity to public transportation. Each of the units features its own washer/dryer hookups that are separately metered, Buyer to verify. Additional property features including a recent $50,000+ interior renovation throughout the units. Ideally located in the Mid-Wilshire corridor near freeways, allowing easy access to downtown Los Angeles, LA City College, Dodger Stadium, and nearby hotspots like Los Feliz, Silver Lake, and Hollywood. Buyers to verify all zones and potential tax benefits. Buyers to verify all potential development bonuses and all development potential with the City. Digitally altered conceptual renderings in supplements. Improvements shown are not included in the purchase price. Read Less
Listing Snapshot
Days Online
26
Last Updated
Property Type
Apartment
Square Ft.
4,924
Lot Size
0.24 Acres
Year Built
1922
MLS Number
LG26225283
Additional Details
Property Access
Road Surface: Paved
Building
Built in 1922, 3 buildings, 2 stories, Levels: Two, Entry level: 1, Entry location: Front, Back
Community
Sidewalks
Cooling
None
Fireplaces
None
Garage
3 spaces
Heating
None
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $198,000
Laundry
Inside
Lot
0.2371 acres, FrontYard
Parking
6 open parking spaces, 9 total parking spaces, Driveway, Garage, OneSpace
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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