Positioned in the crown jewel of Koreatown, near the iconic intersection of Normandie Avenue and Wilshire Boulevard, this exceptionally rare 100% vacant triplex presents one of Los Angeles' most compelling value-add investment opportunities. Comprised of three spacious 3-bedroom units, this LAR4-zoned property offers a true blank canvas with significant repositioning… Read More potential, allowing the next owner to immediately renovate, modernize, reposition, or explore future development and entitlement opportunities (buyer to verify). Delivered completely vacant at the close of escrow, this is a rare opportunity to maximize rental income from day one without the challenges of tenant relocation or existing rent-control restrictions. Whether you're an experienced investor, developer, contractor, or owner-user with a vision, the possibilities are endless. Ideally situated just moments from Wilshire Boulevard, Metro stations, Downtown Los Angeles, world-class dining, shopping, entertainment, and major employment centers, this premier location continues to experience strong rental demand and long-term appreciation. Opportunities to acquire a fully vacant triplex in the heart of Koreatown are extraordinarily scarce. Bring your vision, unlock the tremendous upside, and capitalize on this rare opportunity to create a premier income-producing asset in one of Los Angeles' most sought-after investment corridors.. Read Less
Property listed by Property Advisors Group, Inc, Leonard Lee 562-395-0487
Listing Snapshot
Days Online
9
Last Updated
Beds
9
3/4 Baths
6
Square Ft.
4,972
Lot Size
0.15 Acres
Year Built
1907
MLS Number
26866219
Additional Details
Building
Built in 1907, Living area: 4972.0, 2 buildings, Levels: MultiSplit
Cooling
None
Heating
WallFurnace
Income
Gross Income: $114,000, Net Operating Income: $84,550
Lot
0.147 acres, Dimensions: 50x128
Parking
AttachedCarport
Taxes
Parcel Number: 5094022003, Zoning: LAR4
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
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.
Confirm your time
Fill in your details and we will contact you to confirm a time.
