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.
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