Exceptional Investment Opportunity ! First Time on the Market in Over 50 Years! Strategically located in the rapidly evolving East Hollywood / Mid-Wilshire corridor of Los Angeles, this rare offering presents significant upside potential for investors and developers alike. Situated on a generously sized lot with R3 Multiple-Unit Zoning, the… Read More property offers substantial redevelopment opportunities in one of Los Angeles’ most active rental and multifamily growth markets. Current zoning may allow for the development of 8+ units or potentially more (Buyer to independently verify with the City of Los Angeles). Ideal for a value-add investor seeking to reposition and convert the property into a multifamily apartment development capable of generating strong long-term cash flow and appreciation. The surrounding area continues to experience increasing rental demand, ongoing development activity, and rising market values. Additionally, the property offers flexibility as a long-term hold investment for buyers not immediately pursuing redevelopment. Vacant and ready for immediate acquisition and repositioning. This is a rare opportunity to secure a high-potential asset in one of Los Angeles’ most dynamic and growth-oriented submarkets. Property to be SOLD "AS-IS, WHERE-IS!" Read Less
Property listed by REALTY MASTERS & ASSOCIATES, Zoram Luna 909-725-3339
Listing Snapshot
Days Online
1
Last Updated
Property Type
SingleFamilyResidence
Beds
4
Full Baths
2
Square Ft.
1,909
Lot Size
0.15 Acres
Year Built
1924
MLS Number
CV26109310
Additional Details
Property Access
Frontage Type: CityStreet, Road Surface: Paved
Appliances & Equipment
GasCooktop, GasOven, Refrigerator
Building
Built in 1924, Living area: 1909.0, Living area units: SquareFeet, 2 stories, Levels: Two, Entry level: 1, Entry location: Front Door
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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