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18186812999
Real Estate Company
4319 Melbourne, Los Angeles, CA 90027
- $1,479,000
Listing courtesy of Listing Agent: Joyce Starleaf (joycestarleaf@yahoo.com) from Listing Office: Equity Union.
- List Price
- $1,479,000
- Status
- Active
- MLS#
- BB26215486
- Year Built
- 1908
- Lot Size
- 6,750
- Lot Location
- Front Yard
- Days on Market
- 5
- Property Type
- Multifamily
- Property Type
- Multifamily
- Stories
- One Level
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.
Additional Information
- Appliances
- Dryer, Washer
- Pool Description
- None
- Cooling
- Yes
- Sewer
- Public Sewer
- Water
- Public
- Terms
- Cash to New Loan
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.