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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$1,479,000

Est. payment - /mo

6,751 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID BB26215486

HOA Y/N No

Year Built 1908

Lot Size 6,751 Sqft

Property Sub-Type Duplex

Property Description

CALLING ALL DEVELOPERS, BUILDERS & SAVVY INVESTORS!
RARE Franklin Hills property located in LOS FELIZ this DEVELOPMENT OPPORTUNITY — LARGE, FLAT R2 LOT WITH TWO EXISTING HOMES & IN-PLACE RENTAL INCOME.
Unlock the potential of this exceptional Los Feliz property featuring two separate residences on one expansive, flat R2-zoned lot. With tenants currently in place and generating immediate monthly income, this property offers the rare combination of cash flow today and substantial development potential.
Whether your vision is ground-up development, maximizing the existing lot, renovating and repositioning the current residences, or holding a valuable Los Angeles asset for long-term appreciation, this property presents an exciting opportunity in one of the city's most sought-after neighborhoods.

LAND. LOCATION. INCOME. UPSIDE. Opportunities offering all four are increasingly difficult to find.

Bring your architects, builders, and investment team and explore the possibilities. This is a true Los Feliz value-add and development play with multiple paths to maximize returns.

Location

State CA

County Los Angeles

Area 637 - Los Feliz

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Dryer, Washer

Exterior

Pool None

Community Features Curbs, Sidewalks

Total Parking Spaces 3

Private Pool No

Building

Lot Description Front Yard

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5591024021

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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Listed by Joyce Starleaf Equity Union 818-612-0514, DRE #00782682

NEARBY SCHOOL & BUSINESS

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