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$ 888,000
Est. payment | /mo
4,673 Sqft Lot
$ 888,000
Est. payment | /mo
4,673 Sqft Lot
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV25076902
HOA Y/N No
Year Built 1900
Lot Size 4,673 Sqft
Property Sub-Type Apartment
Property Description
Unlock the full potential of your investment with this exceptional property—two homes on one lot in the vibrant heart of Los Angeles! Officially registered as a 2 ON A LOT (2 units), this versatile multi-unit property currently operates as a 6-unit income-generating asset, offering unmatched flexibility for both investors and entrepreneurs. The layout includes a front and back home, thoughtfully designed for a variety of living arrangements. Cozy studio units with kitchenettes provide charm and functionality, while the rear unit boasts a full bedroom, kitchen, dining area, and bathroom. With rents currently below market value, this property presents significant growth potential through rent adjustments under local ordinances. Situated in a prime LA location, this property is just moments from top landmarks like USC, Downtown LA, the Convention Center, Crypto Arena, LA Live, Koreatown, and the LA Memorial Coliseum. Its proximity to major freeways ensures added convenience for tenants and visitors alike. Whether you're envisioning a group home, student housing, rehabilitation facility, or another residential use (buyer to verify zoning and permitted uses), this property's versatility opens the door to endless possibilities. Connect with your lender today to explore financing options and seize this rare opportunity to maximize your investment returns!
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LARD1.5
Interior
Heating Natural Gas, Wall Furnace
Fireplace No
Laundry None
Exterior
Pool None
Community Features Street Lights, Suburban, Sidewalks
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5135025014
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
Listed by Alex Avilez • JohnHart Corp. • 626-290-6900
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PAK Home Realty Admin
License ID: 02199906