CALLING ALL INVESTORS. FIXER OPPORTUNITY! Presenting a rare investment and development opportunity in the rapidly transforming Park Mesa neighborhood of Los Angeles. This highly sought-after area is experiencing significant growth, with numerous developments currently underway, making it an ideal acquisition for investors, developers, and long-term hold buyers alike. The property's… Read More most compelling feature is that it will be delivered mostly vacant, creating immediate flexibility and multiple exit strategies. Investors can renovate and lease the oversized units at current market rents. Alternatively, developers can capitalize on the area's strong development momentum by pursuing a ground-up redevelopment project of up to 84 units (Buyers to check with the city). In addition to a full redevelopment play, buyers may explore the possibility of adding additional units to the rear of the oversized lot, creating a larger multifamily asset while maintaining existing improvements. Buyers should conduct their own due diligence regarding development potential and zoning opportunities( Zoned R3). The existing property consists of five exceptionally large apartment units, each featuring a dedicated one-car garage and private laundry area, amenities that are increasingly difficult to find in today's rental market. The generous unit sizes and functional layouts provide strong appeal for future tenants and support premium rental rates. Whether you're seeking a cash-flowing multifamily asset, a value-add repositioning opportunity, or a future development site in one of Los Angeles' emerging growth corridors, this property offers a combination of flexibility, location, and upside rarely available in today's market. 4 units will be delivered vacant. The final tenant is open to moving. Read Less
Property listed by West Shores Realty, Inc., Magaly Gordon 310-541-8000
Listing Snapshot
Days Online
1
Last Updated
Beds
8
3/4 Baths
5
Square Ft.
4,049
Lot Size
0.26 Acres
Year Built
1916
MLS Number
26861063
Additional Details
Building
Built in 1916, Living area: 4049.0, 3 buildings, Levels: Two
Cooling
None
Fireplaces
None
Garage
5 spaces
Heating
WallFurnace
Laundry
CommonArea
Lot
0.2611 acres
Parking
5 total parking spaces
Pool
None
Property
Fixer
Roof
Composition, Shingle
Taxes
Parcel Number: 4006004017, Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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