Description
A rare investment opportunity in one of la’s most desirable neighborhoods. this 7,201 sq. ft. lot, zoned r3, offers tremendous potential for developers and investors to build a larger multi-unit project or expand the existing footprint (buyer to verify zoning and development guidelines).
the property currently includes four 1-bedroom, 1-bathroom units, each with private yard spaces and additional areas that may be repurposed or expanded. tenants pay for all utilities except water, providing reliable income while planning future improvements.
located in the heart of mid-city, this property boasts unmatched convenience, close to retail, dining, and cultural hotspots. its central location also ensures easy access to major freeways, public transit, and la’s thriving job market.
for investors with a vision, the possibilities are abundant: build up, add units, or explore maximizing the lot’s value by converting the rear garages into adus for additional income (buyer to verify feasibility).
Property Type
Residential IncomeCounty
Los AngelesStyle
Residential IncomeAD ID
48383471
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Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
Interior Features
- Roof : Shingle
- Interior Features: Laminate Counters,All Bedrooms Down
- Fireplace: None
- Flooring: Laminate,Tile
Cooling Features
- Wall/Window Unit(s)
- Air Conditioning
Heating Source
- None
- Has Heating
Fireplace
- Fireplace Features: None
- Has Fireplace: 0
-
Exterior Features
Building Information
- Year Built: 1924
- Building Area Total: 2,008
- Roof: Shingle
Pool Features
- None
Laundry Features
- None
Fencing
- Average Condition,Cross Fenced
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1653
- Lot Size Source: Assessor
- Lot Size Square Feet: 7201
-
Listing Information
Listing Price Information
- Original List Price: 1,299,000
- Listing Contract Date: 2025-01-20
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 5049021046
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
- Tenant Pays: Electricity,Gas
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: C16 - Mid Los Angeles
- Postal Code Plus 4: 3414
- Directions: Near S Sycamore Ave & Roseland St
- Zoning: LARD1.5
- Source Property Type: Residential Income
- Area: C16 - Mid Los Angeles
- Property SubType: Quadruplex
Building and Construction
- Property Age: 101
- Common Walls: No Common Walls
- Structure Type: Quadruplex
- Year Built Source: Other
- Entry Level: 1
- Entry Location: 1
- Levels or Stories: One
- Building Total Stories: 1
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BuyOwner last updated this listing 01/22/2025 @ 21:31
- MLS: SB25002856
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 4 bedrooms which is for sale, it has 2,008 sqft, 7,201 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Los Angeles , in zip code 90016, this Los Angeles County Home are nearby neighborhoods.