Rare value-add opportunity on an LAR4-zoned lot. Existing office building requires substantial renovation and is ideal for an owner-user, investor, or developer. Potential for approximately 13 units by right or up to 26 units through a qualifying ED1 affordable housing project (buyer to verify). LAR4 zoning also allows for a variety of additional residential development opportunities.
| MLS # | 26870643 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1949 |
| Days On Site | 69 |
| Listing Provided By | Douglas Elliman | Shahab Zarrabi |
| SQ Feet | 2,532 |
|---|---|
| Story(s) | 2 |
| Units | 2 |
| Building(s) | 1 |
| Zoning | LAR4 |
| Acreage | 0.12 |
| Cooling | None |
|---|---|
| Heating | None |
| Heating Yes / No | No |
| Cooling Yes / No | No |
| Parking Features | Driveway |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90003 |
| Area | C37 Metropolitan South |
| Listing VS Median (in 90003) | |
Price: $666,000 low | high Med: $695,000 sqft: 2,532 low | high Med: 1,324 $ / sqft: $263 low | high Med: $540 On site: 69 low | high Med: 66.5 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90003 |
| Area | C37 Metropolitan South |
| Listing VS Median (in 90003) | |
Price: $666,000 low | high Med: $695,000 sqft: 2,532 low | high Med: 1,324 $ / sqft: $263 low | high Med: $540 On site: 69 low | high Med: 66.5 | |