Thank you
David Kaufman
David Ballin Kaufman
310-877-8600
We are proud to present this value-add opportunity in Koreatown. The 8-unit building which sits on a 7,249 square foot LAR4 zoned lot is located just west of Vermont Avenue and south of 8th Street. Seven of the eight units have been extensively rehabbed, featuring new flooring, bathroom fixtures, and interior lighting. The unit mix consists of all one bedroom/one bathrooms. A new buyer has the ability re-position the asset and build up to 18 units by right, and up to 34 units using TOC incentives.
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Total Bedrooms : 8
Total Baths: 8
Full Baths: 0
Half Baths: 0
Property Appliances: Washer
Central
Has Heating
Year Built: 1922
Building Area Total: 5,322
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1664
Lot Size Source: Assessor
Lot Size Square Feet: 7249
Original List Price: 2,250,000
Listing Contract Date: 2023-02-28
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5094014016
Garage Description: Assigned
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: C17 - Mid-Wilshire
Directions: West of Vermont, South of 8th Street.
Zoning: LAR4
Source Property Type: Residential Income
Area: C17 - Mid-Wilshire
Property Age: 102
Property Condition: Updated/Remodeled
Year Built Source: Assessor
Total Square Feet Living: 5322
Levels or Stories: Multi/Split
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 |
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 |
2885 Francis Avenue, Los Angeles, CA,90005 | $1,995,000 | 12 | -- | 5,846 | 8057 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 @ 08:29
MLS: 23245953
LISTED BY: David Kaufman, David Ballin Kaufman
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
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.