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Rare investment opportunity in West Koreatown/Mid-City, a beautifully maintained 1925 Spanish Revival duplex offering immediate income and meaningful long-term development potential. The property features two well-maintained units, including a 2-bedroom, 2-bathroom unit and a 2-bedroom, 1.5-bathroom unit. Interior renovations were completed circa 2019, and a new roof was installed in 2026. The property also includes an existing detached garage structure that may offer additional ADU conversion potential, subject to applicable zoning requirements and buyer's independent verification. Zoned R2-1 and TOC Tier 4 eligible, the property may qualify for density bonus incentives, while ADU additions may be exempt from on-site parking requirements. Based on a preliminary architect review, the site may accommodate up to two additional ADUs.Four preliminary development scenarios, ranging from a single ADU addition to a two-ADU configuration, are available for review. These scenarios are illustrative only and have not been verified or approved by the City. Buyer is solely responsible for independently verifying all zoning, ADU feasibility, density bonus eligibility, parking requirements, permitting requirements, and development potential with the appropriate governing agencies and buyer's own licensed architect and/or engineer prior to close of escrow.For additional information regarding the preliminary ADU development scenarios, please contact the listing agent. With major improvements already completed, this property offers limited immediate capital needs, a desirable location, and strong rental income upside with the potential addition of up to two ADUs. A compelling opportunity for investors seeking both income and long-term value. Contact the listing agent for more information.
Property Type(s):
Residential Income
| Last Updated | 8/12/2026 | Year Built | 1925 |
|---|---|---|---|
| Community | C18 - Hancock Park-Wilshire | County | Los Angeles |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Dryer, Refrigerator, Washer |
| AREA | C18 - Hancock Park-Wilshire |
| HEAT | Wall Furnace |
| INTERIOR | Ceiling Fan(s) |
| LOT | 5815 sq ft |
| LOT DIMENSIONS | 5814 |
| PARKING | Driveway |
| STORIES | 1 |
Location
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Listed with LNS Investment Realty, Inc.
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