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$ 1,479,000
Est. payment | /mo
4 Beds
2 Baths
6,750 Sqft Lot
$ 1,479,000
Est. payment | /mo
4 Beds
2 Baths
6,750 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB26215486
Bedrooms 4
Lot Size 6,750 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
CALLING ALL DEVELOPERS, BUILDERS & SAVVY INVESTORS! RARE Franklin Hills property located in LOS FELIZ this DEVELOPMENT OPPORTUNITY LARGE, FLAT R2 LOT WITH TWO EXISTING HOMES & IN-PLACE RENTAL INCOME. Unlock the potential of this exceptional Los Feliz property featuring two separate residences on one expansive, flat R2-zoned lot. With tenants currently in place and generating immediate monthly income, this property offers the rare combination of cash flow today and substantial development potential. Whether your vision is ground-up development, maximizing the existing lot, renovating and repositioning the current residences, or holding a valuable Los Angeles asset for long-term appreciation, this property presents an exciting opportunity in one of the city's most sought-after neighborhoods. LAND. LOCATION. INCOME. UPSIDE. Opportunities offering all four are increasingly difficult to find. Bring your architects, builders, and investment team and explore the possibilities. This is a true Los Feliz value-add and development play with multiple paths to maximize returns.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Vermont or Hillhurst to Melbourne, South of Franklin, North of Prospect
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 5591024021
Listed by Joyce Starleaf, DRE#00782682 Equity Union
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "