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Listing Details

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School Ratings & Info

Description

We are proud to exclusively present for sale a vacant, side-by-side 1,936 SF Duplex with redevelopment or expansion potential situated in Koreatown! With 7,010 SF of R4-1VL Tier 3 TOC land, a new owner may build 17 Units by Right or 31 with TOC. Alternately, adding units by ADU for the parking benefits, building a 4Plex or doing an Affordable Housing Project are other potential options. The existing Duplex, with one unit recently remodeled and in move-in condition and the other unit needing a little TLC, boasts period built-ins and wood floors. The property has two one-car garages and a screened-off area attached to the garages. The property is a stones throw to the intersection of Pico Blvd. and Western Ave. in what Walk Score calls a Walkers Paradise, with restaurants, shops, markets, public transportation and nightlife. Located 0.2 Miles to The Original El Cholo, under one mile to the 10 Freeway On-Ramp, 2.7 miles to the Staples Center and 3 miles to USC, this location will find you the tenants you seek. Priced to sell at under $200 PSF on the land and $45k per unit on the maximum density potential!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-16T18:30:54.013. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center. Licensed in the State of California, USA.
www.marknazzalrealty.com/homes/118636943
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3030 W 12th Place Los Angeles (City), CA 90006

  • Price: $1,390,900
  • Status: Active Under Contract
  • Updated: 25 min ago
  • ID#: 21752476
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1922
Built
Neighborhood:
C17 - Mid-Wilshire
County:
Los Angeles
Area:
C17 - Mid-Wilshire
Property Description
We are proud to exclusively present for sale a vacant, side-by-side 1,936 SF Duplex with redevelopment or expansion potential situated in Koreatown! With 7,010 SF of R4-1VL Tier 3 TOC land, a new owner may build 17 Units by Right or 31 with TOC. Alternately, adding units by ADU for the parking benefits, building a 4Plex or doing an Affordable Housing Project are other potential options. The existing Duplex, with one unit recently remodeled and in move-in condition and the other unit needing a little TLC, boasts period built-ins and wood floors. The property has two one-car garages and a screened-off area attached to the garages. The property is a stones throw to the intersection of Pico Blvd. and Western Ave. in what Walk Score calls a Walkers Paradise, with restaurants, shops, markets, public transportation and nightlife. Located 0.2 Miles to The Original El Cholo, under one mile to the 10 Freeway On-Ramp, 2.7 miles to the Staples Center and 3 miles to USC, this location will find you the tenants you seek. Priced to sell at under $200 PSF on the land and $45k per unit on the maximum density potential!
Exterior Features

Carport YN Yes Parking Features Door-MultiDetached CarportDrivewayGarage Parking Total 2

Interior Features

Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

Property Features

Disclosures Principal is Real Estate LicensedRent Control Garage YN Yes Gross Income 0 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 0 Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Zoning R4-1Vl Tier 3

Listing provided courtesy of Dario Svidler of Compass


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-16T18:30:54.013. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center. Licensed in the State of California, USA.
 
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Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center
1473 Ford St., Suite 200
Redlands CA, 92373