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$ 1,295,000
Est. payment | /mo
4 Beds
4 Baths
2,070 SqFt
$ 1,295,000
Est. payment | /mo
4 Beds
4 Baths
2,070 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,070 sqft
Price per Sqft $625
MLS Listing ID 26869127
Bedrooms 4
HOA Y/N No
Year Built 1925
Lot Size 5,815 Sqft
Property Description
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.
Location
State CA
County Los Angeles
Area C18 - Hancock Park-Wilshire
Zoning LAR2
Interior
Interior Features Ceiling Fan(s)
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Dishwasher, Refrigerator, Dryer, Washer
Exterior
Parking Features Driveway
Total Parking Spaces 4
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5083025010
Special Listing Condition Standard
Listed by K. Krystina Kim LNS Investment Realty, Inc. #02237665
Nearby School & Business
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