Recently Upgraded! Excellent ADU Potential! Owner-User Dream Opportunity!… Read More Unit #1 (2 Bed / 2 Bath) is currently VACANT, offering immediate occupancy for an owner-user or the opportunity to generate additional rental income. The property has been recently improved with fresh paint and updates, enhancing its overall appeal.Income Unit #2 is tenant-occupied and currently generating rental income.Income Unit #3 consists of a detached high-ceiling rear structure of approximately 1,200 sq ft. The building is currently leased as storage and office space, generating approximately $2,100 per month in rental income. The rear structure has previously been approved for auto repair use, providing additional flexibility and potential commercial use opportunities (Buyer to verify all permits, approvals, and permitted uses).Adding to its value, the rear structure may offer the potential to convert into up to two ADU units (Buyer to independently verify with the City), creating substantial future rental income and long-term appreciation potential.Located just minutes from vibrant Koreatown, this centrally located property offers strong in-place income with significant upside potential. Conveniently situated near popular restaurants, shopping, parks, schools, public transportation, Downtown Los Angeles, USC, and major freeways.A rare opportunity to acquire a versatile income-producing property featuring residential and commercial income, owner-user flexibility, and exceptional future development potential in one of Los Angeles' most desirable central locations. Read Less
Property listed by Redpoint Realty, Sharon Oh 213-380-1500
Listing Snapshot
Days Online
1
Last Updated
Beds
3
Square Ft.
1,482
Lot Size
0.13 Acres
Year Built
1905
MLS Number
26851071
Additional Details
Appliances & Equipment
Microwave, Dryer, Washer
Building
Built in 1905, Living area: 1482.0, 2 buildings, Building faces South, Levels: One
Heating
Baseboard
Lot
0.1322 acres
Parking
Assigned
Taxes
Parcel Number: 5074002013, 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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