Exceptional investment, owner-user, and redevelopment opportunity in the heart of Koreatown. This well-maintained 4-unit multifamily property is situated on a large lot in one of Los Angeles' strongest rental submarkets, offering immediate income with significant long-term upside. Ideal for investors seeking value-add potential, developers exploring future redevelopment opportunities, or owner-users… Read More looking to occupy a unit while benefiting from rental income.The property is centrally located near Wilshire Boulevard, Downtown Los Angeles, Hollywood, major employment centers, shopping, dining, entertainment, and public transportation. Conceptual redevelopment renderings are included in the listing photos to illustrate potential future development possibilities. Buyers are advised to conduct their own investigations regarding zoning, density, redevelopment potential, and all future use options.A rare opportunity to acquire a versatile asset in a high-demand location with multiple paths to create value. Please do not disturb tenants. Read Less
Property listed by Moradian Enterprises, Inc., Keyvan Moradian 310-467-6320
Listing Snapshot
Days Online
12
Last Updated
Beds
8
Square Ft.
5,506
Lot Size
0.21 Acres
Year Built
1921
MLS Number
26846833
Additional Details
Building
Built in 1921, Living area: 5506.0, 1 building, 2 stories, Levels: Two
Cooling
None
Heating
WallFurnace
Income
Gross Income: $85,543, Net Operating Income: $49,879
Lot
0.2053 acres
Parking
4 total parking spaces, Driveway
Taxes
Parcel Number: 5502011004, Zoning: LAR4
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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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