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7,484 sqft lot house building land in CA 90006

1,250,000 USD
2254 W 15th St, Los Angeles, CA, 90006
6 view
Land ID: 71752 Update time: 2020-10-29 10:41:18
Trading years: 99 years Size: 0.2ac
Feature: garden Transaction type: for sell

Words from Seller

We are proud to exclusively present for sale a Fourplex with Development Potential. The existing property consists of four spacious 1 bed & 1 bath units with a detached four car garage in the back; current rents have plenty of room for rental upside. The lot is 7, 485 SF and backs up to an Alley. With the R3-1 Tier 2 Zoning, a future development could include 9 units by right or 16 by TOC. Buyer can potentially add ADUs to limit parking requirements or build a few additional units in the back, demolishing the garage or possibly building on top of the existing four car garage. The property is located just west of Downtown Los Angeles, on the eastern edge of Koreatown and is adjacent to West Adams with easy access to the Staples Center, USC, the 10 and 110 Freeways and more! WalkScore calls this area Very Walkable and Bikeable, and states that it has Good Transit! Due to COVID, Landlord started eviction proceedings for tenants who are not paying rent. Cross-listed as Income Property.
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