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$ 1,500,000
Est. payment | /mo
4 Beds
3,443 SqFt
$ 1,500,000
Est. payment | /mo
4 Beds
3,443 SqFt
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 3,443 sqft
Price per Sqft $435
MLS Listing ID CL26870113
Bedrooms 4
HOA Y/N No
Year Built 1955
Lot Size 10,646 Sqft
Acres 0.24
Property Sub-Type OTHER
Property Description
Prime Mid-City redevelopment, value-add, and commercial retail opportunity on an approximately 10,628 square foot lot zoned C2-1VL-CPIO and located within a Transit Oriented Communities Tier 3 area near the La Cienega/Jefferson Metro E Line station with convenient access to Culver City and Downtown Los Angeles. This site offers flexible paths for investors seeking a flip, densification upside, or mixed-use project. Current improvements consist of a four-unit building generating income with two units delivered vacant. The current rent roll includes a studio rented at 940 dollars per month, a one-bedroom rented at 1,025 dollars per month, one vacant one-bedroom, and one vacant two-bedroom. The vacant units provide immediate upside through renovations and lease-up while the property continues to produce cash flow. The C2 zoning supports commercial retail or mixed-use development, while the TOC Tier 3 designation offers significant potential for increased residential density, higher floor area ratio, additional height, and reduced parking requirements for qualifying projects. Strong location and zoning create multiple exit strategies for value-add or longer-term redevelopment plays. Drive-by only. Do not go on the property. Do not disturb tenants under any circumstances. Tenants are completely unaware of the sale. No interior or exterior access is permitted without prior written approval from the listing agent. Any unauthorized contact with occupants or entry onto the property will be reported. Buyer and buyer agent to independently verify all zoning, TOC eligibility, development potential, rents, unit mix, lot size, and applicable regulations. Full package available upon request.
Location
State CA
County Los Angeles
Zoning LAC2
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Building
New Construction No
Others
Tax ID 5069005009
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Listed by Dennis Maynard • LPT Realty, Inc
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