90006
For sale
Price
Beds/baths
Home type
90006, CA Homes for Sale
Exceptional Koreatown Duplex with Development Potential! Located in the vibrant heart of Koreatown, this LAR4-zoned property sits on a 7,316 sqft lot, offering immense potential for both investors and developers. The existing duplex functions as two 2 bed / 1 bath units, each approximately 1,000 sqft with full kitchens, separate living rooms, and in-unit washer/dryer rooms. The property also includes 6 gated parking spaces for convenience and security. Currently, both units generate a combined rental income of $4,000 per month ($2,000 each). Exciting development plans are in place for an 8-unit, 3-story apartment complex. This project, ready to be issued, includes:Ground floor with 12 parki
Experience elevated living at Mosaika LA, a community of newly constructed premier luxury residences located in the heart of Koreatown. Mosaika redefines modern living with expansive open floor plans, thoughtfully designed to maximize natural light and capture breathtaking views of the iconic Los Angeles skyline. Every residence is crafted with high-end finishes and fixtures, seamlessly blending style and comfort. Enjoy open concept living with the warmth of hardwood flooring, paired with modern lighting, and oversized windows that create an inviting and elegant atmosphere throughout. Gourmet kitchens featuring sleek countertops, contemporary cabinetry and professional-grade stainless steel
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4 units property and being used as 7 units. 3 units are being rent out per room. Property is conveniently located in moments from downtown LA, Westlake MacArthur Park Metro. 8 blocks from downtown LA.
SEE ATTACHED DOC FOR INVESTMENT DEPRECIATION AND TAX BENEFIT FOR THE NEXT BUYER. BRING YOUR 1031 EXCHANGE HERE. * * NOW WITH NEW LOWERED PRICE, LOOKING FOR A SERIOUS BUYER. * * NO BETTER LOCATION & ACCESSIBILITY IN TOWN. OPPORTUNITY/LUCK IS FOR THOSE WHO TAKE IT & TAKE IT QUICKLY THAN ANYONE ELSE. Current ownership purchased this property for $1,100,000.00 back in 2018. Motivated Seller. All serious offers will be considered. This DUPLEX, WILL BE DELIVERED VACANT AT CLOSE OF ESCROW. REMODEL TO GET HIGHEST RENT POSSIBLE OR REDEVELOPMENT OPPORTUNITY!! LOCATION, LOCATION, LOCATION!! R-4/1 Zoning, Center of Normandie and Olympic Blvd. Great Location with Great Possibilities!! L