Prime opportunity for investors, rehabbers, and experienced developers seeking a value-add project in Los Angeles. This property offers three existing structures on an approximately 6,750 SF lot and presents significant potential for renovation and repositioning. The property is being offered in its current condition and will require substantial rehabilitation, making it well suited for an investor looking to execute a comprehensive renovation strategy. The location adds significant appeal, with convenient access to major Los Angeles destinations including the Natural History Museum, California Science Center, BMO Stadium, USC, Crypto.com Arena, and the Los Angeles Convention Center. Restaurants, bars, and neighborhood amenities are also within walking distance along Western Avenue, while Downtown Los Angeles is just a few miles away. With its sizeable lot, existing use, and strategic location, this property offers multiple possibilities for an investor looking to create value through renovation or repositioning. Buyers are encouraged to independently verify all property characteristics, zoning, development potential, and intended uses with the appropriate governmental agencies. Offered at $1,500,000. Property being sold as-is.
| MLS # | DW26161269 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1922 |
| Days On Site | 8 |
| Listing Provided By | Better Homes and Gardens Real Estate | Ashley Muller |
| SQ Feet | 1,895 |
|---|---|
| Garage | 3 |
| Story(s) | 1 |
| Units | 3 |
| Building(s) | 3 |
| Zoning | RD1.5 |
| Acreage | 0.16 |
| Property View | Yes |
| Lot Features | Two To Five Units Acre |
|---|
| Garage Yes / No | Yes |
|---|
| Utilities | Cable Available, Electricity Available, Phone Available, Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
| Community Features | Storm Drains, Sidewalks |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90062 |
| Area | 699 Not Defined |
| Listing VS Median (in 90062) | |
Price: $1,500,000 low | high Med: $1,075,000 sqft: 1,895 low | high Med: 3,577 $ / sqft: $792 low | high Med: $301 On site: 8 low | high Med: 202 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90062 |
| Area | 699 Not Defined |
| Listing VS Median (in 90062) | |
Price: $1,500,000 low | high Med: $1,075,000 sqft: 1,895 low | high Med: 3,577 $ / sqft: $792 low | high Med: $301 On site: 8 low | high Med: 202 | |