Description
The triplex investment opportunity is located in Koreatown. The property is being sold in "As-Is" condition. The property consists of two buildings. The one story front house is approximately 1,586 SF and was built in 1925 consisting of 2 bedrooms and 1 bathroom. The two story building in the back is approximately 1,059 SF, built in 1951, & consists of a 1 bedroom / 1 bathroom unit & 1 studio unit. The STUDIO UNIT IS VACANT and is ideal for a owner user and or a developer. The property has a three car garage located in the rear of the property and has ample open spaces for more in the back. An astute investor should view this opportunity as a rare chance to purchase this asset for a number of reasons. Lock in on attractive low 30 year fixed financing. Additionally the lot is 7412 sq ft that has a LAR3 zoning with TIER 3 TOC that potentially allows to build up to 17 units on the property. Another direction an investor may choose to take is to add ADU's increasing the overall value of the property. Metro Red Line is 3 short blocks away and bus lines are all around.
Location
Similar Listings
MLS# 22164533
$349,995,000
9 Beds
16 Baths
Listing Agent: Peter Smyth
Courtesy of: Venus Louviere, Broker
No similar listings found
Unfortunately, we don't have any similar listings at the moment. Please remove or change some of the selected filters.
The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 5th July, 2022 6:01 AM (UTC)
