Description
We are proud to exclusively present for sale a Fourplex with Development Potential. The existing property consists of four spacious 1 bed & 1 bath units with a detached four car garage in the back; current rents have plenty of room for rental upside. The lot is 7,485 SF and backs up to an Alley. With the R3-1 Tier 3 Zoning, a future development could include 9 units by right or 17+/- by TOC. Buyer can potentially add ADUs to limit parking requirements or build a few additional units in the back, demolishing the garage or possibly building on top of the existing four car garage. The property is located just west of Downtown Los Angeles, on the eastern edge of Koreatown and is adjacent to West Adams with easy access to the Staples Center, USC, the 10 and 110 Freeways and more! WalkScore calls this area Very Walkable and Bikeable, and states that it has Good Transit!
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0BEDS
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0.17ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
We are proud to exclusively present for sale a Fourplex with Development Potential. The existing property consists of four spacious 1 bed & 1 bath units with a detached four car garage in the back; current rents have plenty of room for rental upside. The lot is 7,485 SF and backs up to an Alley. With the R3-1 Tier 3 Zoning, a future development could include 9 units by right or 17+/- by TOC. Buyer can potentially add ADUs to limit parking requirements or build a few additional units in the back, demolishing the garage or possibly building on top of the existing four car garage. The property is located just west of Downtown Los Angeles, on the eastern edge of Koreatown and is adjacent to West Adams with easy access to the Staples Center, USC, the 10 and 110 Freeways and more! WalkScore calls this area Very Walkable and Bikeable, and states that it has Good Transit!
Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-23T12:25:53.53. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Compass. Licensed in the State of California, USA.