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Daniel Shamooelian
Keller Williams Beverly Hills
310-432-6400
Beautiful craftsman home in Rampart Village brimming with potential! Only ~$450/sf on current asking price. The house has been run as a travel agency over the years and is ready to make your own! 4 bed/2 bath home filled with beautiful woodwork and craftsmanship. Home needs some TLC. Alternatively, the lot present an excellent (ED 1) Executive Directive 1 development opportunity for an astute developer. Zoned R4-1, TOC Tier 2, the subject property is situated on a 7,000 sqft lot in close proximity to Downtown LA, Koreatown, Echo Park, Silver Lake & the 101/110 Freeways. Take advantage of the ED 1 fully affordable program, which provides for expedited processing, higher density, and reduced setbacks through the ED1 Ministerial Approval Process OR build up to 36 units using TOC Tier 2 Incentives + ADU's. The subject property is single family home that will be delivered vacant = no tenant relocation required or RSO! Lots of new development in this pocket. Do not miss this opportunity to build in a high rental demand area of Los Angeles that is undergoing significant growth. Seller financing available!! Contact listing agent for more details or to schedule a showing.
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Total Bedrooms : 4
Total Baths: 2
Full Baths: 2
Half Baths: 0
Fireplace: Living Room
Flooring: Laminate
Furnished Description: Unfurnished
Wall Furnace
Has Heating
Fireplace Features: Living Room
Has Fireplace: 1
Year Built: 1911
Building Area Total: 3,058
None
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1607
Lot Size Dimensions: 50x140
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 7001
Original List Price: 1,380,000
Listing Contract Date: 2024-01-04
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5155025014
Garage Description: Driveway
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: C42 - Downtown L.A.
Postal Code Plus 4: 1404
Directions: South of Beverly Blvd, North of 3rd St, East of Hoover St, West of Alvarado St
Zoning: LAR4
Source Property Type: Residential
Area: C42 - Downtown L.A.
Property SubType: Single Family Residence
Property Age: 113
Common Walls: No Common Walls
Structure Type: Single Family Residence
Year Built Source: Vendor Enhanced
Total Square Feet Living: 3058
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
2311 W 2nd Street, Los Angeles, CA,90057 | $900,000 | -- | -- | -- | 6467 Sqft |
247 S Carondelet Street, Los Angeles, CA,90057 | $1,790,000 | 2 | 2 | 1,424 | 7589 Sqft |
435 S La Fayette Park P.., Los Angeles, CA,90057 | $3,150 | 2 | 2 | 1,355 | 46949 Sqft |
2305 W 2nd Street, Los Angeles, CA,90057 | $979,999 | 2 | 1 | 2 | 6466 Sqft |
1913 W 3rd St., Los Angeles, CA,90057 | $6,300,000 | -- | -- | 21,692 | 20283 Sqft |
2021 Miramar Street, Los Angeles, CA,90057 | $2,400,000 | 6 | 3 | 2,466 | 4942 Sqft |
435 S La Fayette Park P.., Los Angeles, CA,90057 | $680,000 | 2 | 2 | 1,433 | 46963 Sqft |
2330 W 3rd Street #PH, Los Angeles, CA,90057 | $2,990,000 | -- | -- | 8,262 | 11725 Sqft |
744 S Carondelet Street, Los Angeles, CA,90057 | $1,600,000 | -- | -- | 19,500 | 7502 Sqft |
229 S Westlake Avenue, Los Angeles, CA,90057 | $2,150,000 | -- | -- | 6,150 | 6272 Sqft |
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ByOwner last updated this listing 05/21/2024 @ 15:12
MLS: 23341815
LISTED BY: Daniel Shamooelian, Keller Williams Beverly Hills
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.