Fixer opportunity in the desirable Melrose Hill neighborhood of Los Angeles! The property features a 3-bedroom, 2-bathroom front house that will be delivered vacant at the close of escrow, along with a separate, tenant-occupied 1-bedroom, 1-bathroom permitted garage conversion. Built in 1918, this property offers approximately 1,826 square feet of… Read More living space on a 5,698-square-foot LAR3-zoned lot. With plenty of potential for renovation and improvements, this property presents an excellent opportunity for investors, developers, or owner-users looking to add value. Conveniently situated in Melrose Hill, the property offers easy access to Koreatown, Hancock Park, Hollywood, Downtown Los Angeles, and surrounding employment centers. The neighborhood is known for its growing dining scene, shopping, entertainment, and accessibility to major transportation corridors, making it an attractive location for both homeowners and renters. The property's LAR3 zoning provides additional possibilities for those interested in exploring future development or expansion, subject to city approvals and applicable regulations. Its central location, flexible layout, and renovation potential make it an appealing opportunity for buyers looking to maximize the property's value. Whether you're an investor seeking a long-term rental property, a developer exploring future possibilities, or an owner-user looking to customize a home to your vision, this Melrose Hill fixer offers an opportunity to create something special in a centrally located Los Angeles neighborhood. Read Less
1,826 sq ft, Built in 1918, Levels: One Level, Detached/No Common Walls, Bungalow
Cooling
Other
Disclosures
As Is
Fireplaces
None
Floors
Carpet
Garage
Driveway
Water Features
Water: Public
Heating
Other
Laundry
Garage
Lot
LotAcreage: 0.1308, LotSizeArea: 5,698
Parking
TotalParking: 0
Pool
None
Property
NumberOfUnits: 2, OtherStructures: None, PropertySubType: Single Family Residence, ViewDescription: City, City Lights, ViewYN: t, Zoning: LAR3, Fixer, None
Sewer
In Street
Spa
None
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