- RECENTLY UPDATED! - TWO-ADU POTENTIAL! - OWNER-USER OPPORTUNITY OR INVESTMENT PROPERTY! Rare opportunity to own a versatile income-producing property with immediate rental income and significant future development potential. - Unit #1 (2 Bed / 2 Bath) is currently VACANT, offering immediate occupancy for an owner-user or the… Read More opportunity to generate additional rental income. The property has been recently improved with fresh paint and updates. - Unit #2 is currently tenant-occupied and generating rental income. - Storage #3 is a detached, high-ceiling rear structure of approximately 1,200 sq. ft., currently leased for storage and office use and generating approximately $2,100/month. The structure was previously approved for auto repair use, offering flexibility for various potential uses. Buyer to independently verify all permits, approvals, zoning, and permitted uses.Adding significant upside, the rear structure may offer the potential to convert into up to two ADUs, creating an opportunity for additional rental income and long-term appreciation. Buyer to independently verify ADU feasibility and requirements with the City of Los Angeles.Conveniently located just minutes from Koreatown, Downtown Los Angeles, USC, restaurants, shopping, schools, parks, public transportation, and major freeways.A unique opportunity combining residential income, commercial/storage income, owner-user flexibility, and substantial future development potential in a highly central Los Angeles location. Read Less
Property listed by Redpoint Realty, Sharon Oh 310-259-7556
Listing Snapshot
Days Online
13
Last Updated
Beds
4
3/4 Baths
4
Square Ft.
1,482
Lot Size
0.13 Acres
Year Built
1905
MLS Number
26866467
Additional Details
Appliances & Equipment
Disposal, Microwave, Refrigerator, Dryer
Building
Built in 1905, Living area: 1482.0, 1 building, Levels: One
Heating
Central
Lot
0.1322 acres
Parking
4 total parking spaces, Assigned
Taxes
Parcel Number: 5074002013, Zoning: LAR2
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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