Listing provided courtesy of: Keller Williams Larchmont
Prime Development Opportunity in Koreatown Adjacent R3 Zoning! Located in a rapidly developing area near Koreatown, this R3-zoned property sits on a spacious 7,505 sqft lot, making it an ideal candidate for redevelopment or a lucrative rental investment. Surrounded by large apartment complexes and offering easy access to major freeways, this location provides exceptional convenience and strong demand for housing. The property currently consists of three income-generating units: Unit #1: 4BR/2BA $3,200/month (Front Unit) Unit #2: 2BR/1BA $1,255/month (Second Floor) Unit #3: 1BR/1BA $1,890/month (First Floor). Additional features include two garages plus six additional parking spaces, providing ample parking options for tenants or future development plans. Totaling $6,345/month in rental income, this investment presents immediate cash flow while offering tremendous potential for future development. With ongoing city redevelopment efforts in nearby Hollywood and Koreatown, plus Metro expansion improving accessibility, this location is poised for continued growth. Don't miss this rare opportunity to capitalize on a prime LA property with endless possibilities! Buyer to verify all zoning and development potential.
Dishwasher, Gas Cooktop, Disposal, Refrigerator, Dryer, Washer Garage See Remarks Composition, Shingle Smoke Detector(s) Other Blinds, Screens
Listing provided courtesy of: Keller Williams Larchmont. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Based on information from California Regional MLS. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. © 2025 by California Regional MLS. All rights reserved. Listing last updated on 04/29/2025 13:47:40