Attention Investors & Developers! We present two adjacent income properties totaling 11 units on a combined 11,787 SF R4-zoned lot near Olympic Blvd and Vermont Ave, just minutes from Downtown Los Angeles. This is a rare opportunity to acquire a high-density development site with solid in-place income and excellent future potential. 964 features one spacious 3bd+2ba unit and four 2bd+1ba units and 6 covered side-by-side parking spaces in the rear. 968 offers five 2bd+1ba units, and one 1bd+1ba unit, and 6 covered side-by-side parking spaces in the rear and 3 tandem parking spaces in the driveway. With strong rental demand in the area and favorable zoning for redevelopment, this is an ideal opportunity for investors or developers seeking long-term value in one of LA's most dynamic neighborhoods. Both properties have to be sold concurrently.
| MLS # | 26843493 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1964 |
| Days On Site | 142 |
| Listing Provided By | Keller Williams Realty Los Feliz | Johnny Cho |
| Bed(s) | 11 |
|---|---|
| Bath(s) | 6 |
| SQ Feet | 3,999 |
| Story(s) | 2 |
| Units | 5 |
| Building(s) | 1 |
| Zoning | LAR4 |
| Acreage | 0.14 |
| Cooling | None |
|---|---|
| Cooling Yes / No | No |
| Parking Features | Assigned, Covered |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90006 |
| Area | C17 Mid Wilshire |
| Listing VS Median (in 90006) | |
Price: $1,556,000 low | high Med: $840,000 sqft: 3,999 low | high Med: 2,230 $ / sqft: $389 low | high Med: $450 On site: 142 low | high Med: 100 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90006 |
| Area | C17 Mid Wilshire |
| Listing VS Median (in 90006) | |
Price: $1,556,000 low | high Med: $840,000 sqft: 3,999 low | high Med: 2,230 $ / sqft: $389 low | high Med: $450 On site: 142 low | high Med: 100 | |