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$3,580,000
Est. payment /mo
0.42 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID WS25055004
HOA Y/N No
Year Built 1938
Lot Size 0.418 Acres
Property Sub-Type Multi Family
Property Description
Located in one of Los Angeles' most rapidly growing neighborhoods, this LARD 1.5-zoned property offers a prime investment and development opportunity. With significant potential for multi-unit construction, this site is ideal for developers seeking to maximize density and long-term value.
The property currently features nine individual houses and a salon, providing immediate rental income while serving as a strong foundation for future redevelopment. Strategically positioned in Glassell Park, this site offers seamless access to major freeways, ensuring efficient connectivity to Downtown LA, Silver Lake, and Glendale. The area's ongoing growth and demand for housing make this an exceptional opportunity for investors looking to develop in a high-potential market.Whether for redevelopment, expansion, or a value-add project, this property presents a rare chance to create a high-performing asset in a sought-after Los Angeles location
The property currently features nine individual houses and a salon, providing immediate rental income while serving as a strong foundation for future redevelopment. Strategically positioned in Glassell Park, this site offers seamless access to major freeways, ensuring efficient connectivity to Downtown LA, Silver Lake, and Glendale. The area's ongoing growth and demand for housing make this an exceptional opportunity for investors looking to develop in a high-potential market.Whether for redevelopment, expansion, or a value-add project, this property presents a rare chance to create a high-performing asset in a sought-after Los Angeles location
Location
State CA
County Los Angeles
Area 623 - Glassel Park
Zoning 1.5
Interior
Heating Wall Furnace
Fireplace No
Laundry None
Exterior
Carport Spaces 10
Utilities Available Electricity Available
Roof Type Asphalt
Total Parking Spaces 10
Building
Lot Description 6-10 Units/Acre
Story 2
Water Public
Others
Tax ID 5458024012
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
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Listed by JOHANS LIN • Johans Lin, Broker • 626-757-3988
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Sharlotte Blake
Broker Associate | License ID: 02035876
Broker Associate License ID: 02035876
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