4
See all 4 photos
$1,425,000
Est. payment /mo
5 Beds
3 Baths
5,255 Sqft Lot
Active
1311 W 38th Los Angeles, CA 90062
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID RS26115689
Bedrooms 5
Lot Size 5,255 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
We are pleased to present this Multifamily Investment opportunity located in Los Angeles consisting of if three units : (2) two-bedroom/one bath units and (1) one-bedroom/one bath unit. The property is currently undergoing renovations and is completely vacant and is being offered in its current condition. For buyers seeking a fully completed renovated property, pricing will be adjusted accordingly based on the scope and level of finishes requested. The property is currently vacant and this also adds value because the new buyer will be able to establish market rents day one. The property is zoned LARD 1.5 which may allow up to 8-10 total units, subject to the buyers verification with the city. This creates a strong value-add component and a redevelopment opportunity for the right investor seeking additional density and long-term upside potential. This area has shown tons of growth and lots of business development in the immediate area is good for economic growth. Rendered Pictures are Renderings of the existing structure.
Location
State CA
County Los Angeles
Zoning Assessor
Direction wEST OF nORMANDIE
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 5036001012
Listed by Alex Figueroa, DRE#01173239 eXp Realty of Southern CA
Nearby School & Business
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