• 2885 Francis Avenue Los Angeles, CA 90005

  • $1,995,000
  • 12
    Bed(s)
  • 0
    Baths
  • 5,846
    Sq Ft
  • 8057
    Sqft
  • Listed By: John C. Pak, Philco Realty, DRE #01898649
  • Source: CRMLS

We are pleased to offer for sale a 4-Unit apartment building located in the highly sought-after neighborhood of Koreatown LA. The subject property is located on the corner of South Westmorland Ave and Francis Ave, just minutes to the new Zion Korean market and MacArthur Park. Situated on a HUGE lot of 8,060 sq. ft. and 5,846 sq. ft. of interior space is zoned for R4-2 TOC Tier 3 with ability to build 21-unit condo (FULLY-ENTITLED!). The new owner has the ability and option to add two ADU's for a two-bedroom and one-bedroom unit.

Property Type :

Residential Income

County :

Los Angeles

Style :

Residential Income

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Property Details

 

Bedroom Information

Total Bedrooms : 12

Bathroom Information

Total Baths: 8

Full Baths: 0

Half Baths: 0

Building Information

Year Built: 1917

Building Area Total: 5,846

Lot Details

Lot Dimensions Source: Vendor Enhanced

Lot Size Acres: 0.185

Lot Size Source: Assessor

Lot Size Square Feet: 8057

Listing Price Information

Original List Price: 1,995,000

Listing Contract Date: 2023-11-06

Lease Information

Listing Agreement: Seller Reserved

Tax Information

Parcel Number: 5077022015

Garage and Parking

Garage Description: None

Homeowners Association

Rental Info

Lease Term: Negotiable

Other Property Info

Source Listing Status: Active

Source Neighborhood: C17 - Mid-Wilshire

Postal Code Plus 4: 1209

Directions: Corner of South Westmoreland Aveue & Francis Avenue

Zoning: R4-2

Source Property Type: Residential Income

Area: C17 - Mid-Wilshire

Building and Construction

Property Age: 107

Year Built Source: Vendor Enhanced

Total Square Feet Living: 5846

Levels or Stories: Two

Building Total Stories: 2

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
822 S Windsor Boulevard.., Los Angeles, CA,90005 $799,000 2 1 1,290 8980 Sqft
854 S Normandie Avenue, Los Angeles, CA,90005 $4,900,000 -- -- -- 13240 Sqft
836 S Catalina Street, Los Angeles, CA,90005 $2,250,000 8 -- 5,322 7249 Sqft
821 S Wilton Place, Los Angeles, CA,90005 $3,985,000 1 -- 10,786 8999 Sqft
837 S Berendo Street #1, Los Angeles, CA,90005 $2,050,000 8 -- 5,732 7499 Sqft
826 S Gramercy Place, Los Angeles, CA,90005 $2,400,000 -- -- 6,293 7499 Sqft
702 Crenshaw Boulevard, Los Angeles, CA,90005 $1,950,000 10 5 2,691 10491 Sqft
4027 Leeward Avenue, Los Angeles, CA,90005 $1,649,000 4 2 2,168 7236 Sqft
670 Crenshaw Boulevard, Los Angeles, CA,90005 $1,999,000 8 5 4,903 6196 Sqft
893 S Norton Avenue, Los Angeles, CA,90005 $1,490,000 2 2 1,975 7914 Sqft

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ByOwner last updated this listing 05/06/2024 @ 19:13

MLS: 23321211
LISTED BY: John C. Pak, Philco Realty
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.

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