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Listed by Zoram Luna, DRE #01743140 • REALTY MASTERS & ASSOCIATES
$ 1,025,000
Est. payment | /mo
6,523 Sqft Lot
$ 1,025,000
Est. payment | /mo
6,523 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRCV26109329
Year Built 1924
Lot Size 6,523 Sqft
Property Sub-Type Duplex
Source California Regional MLS
Property Description
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!"
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Rooms
Kitchen Other, Refrigerator, Oven - Gas
Interior
Heating No Heating
Cooling None
Laundry Other
Exterior
Parking Features RV Access, Other
Garage Spaces 1.0
Pool 31, None
View Local/Neighborhood
Building
Lot Description Trees, Paved
Water District - Public
Others
Tax ID 5521021013
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Kenneth Jamaca
Managing Broker | REALTOR | License ID: 02080040
+1(925) 413-1849 | kenneth@jcastlegroup.com