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We are proud to present for sale this 1,635 square foot Mid-Wilshire home located on an expansive 7,502 square foot lot offers 3 Bedrooms and 2 Bathrooms in the primary structure and a detached 500 square foot structure offering 1 Bedroom, 1 Bathroom and Kitchen. Potential development opportunity in Prime Wilshire Center - Koreatown. R3 zoning and TOC Tier 3 located on an expansive 7,502 square foot lot with 50 feet of frontage. Centrally positioned near Hollywood, Los Feliz, Hancock Park, Silver Lake, and Downtown. Highly walkable location with a Walk Score of 90. Situated in an area of rapid development, this property benefits from its close proximity to major transportation routes, employment hubs, healthcare facilities, and educational institutions. Unleash the full development potential of this lot by utilizing one of the many available state or local density bonus incentives. Commercial tenant in place operating a state licensed child day care facility offers great rental income to a long term investor or to a developer during the entitlement process. Owner has topo, soils and conceptual plans for 19 unit apartment building.
Property Type(s):
Single Family
| Last Updated | 11/18/2024 | Year Built | 1921 |
|---|---|---|---|
| Community | Mid-Wilshire | County | Los Angeles |
SCHOOLS
| School District | Los Angeles Unified |
|---|
Price History
| Prior to Nov 18, '24 | $1,547,000 |
|---|---|
| Nov 18, '24 - Today | $1,499,000 |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Gas Range, Gas Water Heater |
| AREA | Mid-Wilshire |
| BASEMENT | Utility, Yes |
| HEAT | None |
| HOA DUES | 0 |
| INTERIOR | All Bedrooms Down |
| LOT | 7502 sq ft |
| LOT DESCRIPTION | Near Public Transit, Rectangular Lot |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| UTILITIES | Cable Connected,Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Water Connected, Electric: Electricity - On Property |
| VIEW | Yes |
| VIEW DESCRIPTION | Neighborhood |
| WATER | Public |
| ZONING | LAR3 |
Location
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Listed with Baabak Sharifan, Broker
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