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 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!"
63 days
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288
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7
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Zillow last checked:
Listing updated:
Listed by:
Zoram LunaDRE #01743140909-725-3339,
REALTY MASTERS & ASSOCIATES
Source: CRMLS,MLS#: CV26109310Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2
Main level bathrooms: 1
Main level bedrooms: 2
Rooms
Room types: Bedroom, Kitchen, Laundry, Living Room, Dining Room
Bedroom
Features: Bedroom on Main Level
Bathroom
Features: Bathtub, Full Bath on Main Level, Vanity
Kitchen
Features: Pots & Pan Drawers
Heating
None
Cooling
None
Appliances
Included: Gas Cooktop, Gas Oven, Refrigerator
Laundry: Inside
Features
Ceiling Fan(s), Separate/Formal Dining Room, Bedroom on Main Level
Flooring: Carpet, Tile, Wood
Windows: Blinds
Has fireplace: Yes
Fireplace features: Living Room
Common walls with other units/homes: No Common Walls
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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