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$ 1,690,000
Est. payment | /mo
2 Beds
2 Baths
2,088 SqFt
$ 1,690,000
Est. payment | /mo
2 Beds
2 Baths
2,088 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,088 sqft
Price per Sqft $809
MLS Listing ID 24450909
Bedrooms 2
HOA Y/N No
Year Built 1921
Lot Size 7,318 Sqft
Property Description
Exceptional Koreatown Duplex with Development Potential! Located in the vibrant heart of Koreatown, this LAR4-zoned property sits on a 7,316 sqft lot, offering immense potential for both investors and developers. The existing duplex functions as two 2 bed / 1 bath units, each approximately 1,000 sqft with full kitchens, separate living rooms, and in-unit washer/dryer rooms. The property also includes 6 gated parking spaces for convenience and security. Currently, both units generate a combined rental income of $4,000 per month ($2,000 each).Exciting development plans are in place for an 8-unit, 3-story apartment complex. This project, ready to be issued, includes:Ground floor with 12 parking spaces. Second and third floors featuring 4 units each: 3 units (1 bed/1 bath) and 1 unit (2 bed/2 bath) per floorA rooftop outdoor space for added tenant appeal. This is an ideal opportunity to secure a prime property with significant rental income and development upside in one of LA's most desirable neighborhoods.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning LAR4
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Driveway Down Slope From Street
Total Parking Spaces 2
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5080009019
Special Listing Condition Standard
Listed by Dae Young Hur Keller Williams Larchmont
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "