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
Courtesy of REALTY MASTERS & ASSOCIATES 909-303-4500
Listing Snapshot
Days Online
28
Last Updated
Property Type
Single Family Residence
Beds
4
Full Baths
2
Square Ft.
1,909
Lot Size
0.15 Acres
Year Built
1924
MLS Number
CV26109310MR
30 Days Snapshot Of 90004
$2.57M
+31%
(avg) sold price
4
-60%
homes sold
143
+70%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
"Oven-Gas", "Inside", "Refrigerator"
Building
1,909 sq ft, Built in 1924, "Detached/No Common Walls"
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