$ 999,500
4843 Rosewood AVE Los Angeles, CA 90004
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$ 999,500
Est. payment | /mo
6 Beds
3 Baths
1,984 SqFt
$ 999,500
Est. payment | /mo
6 Beds
3 Baths
1,984 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,984 sqft
Price per Sqft $503
MLS Listing ID 24381827
Bedrooms 6
HOA Y/N No
Year Built 1911
Lot Size 7,261 Sqft
Property Description
Don't miss out on this fantastic opportunity to acquire a sizable lot near Larchmont Village! Nestled on a serene, tree-lined street, this meticulously maintained triplex exudes charm and is situated in a welcoming neighborhood. Spanning an impressive 7,258 square feet, with dimensions of 50 feet by 145 feet, this property boasts a zoning designation of TOC Tier 2 R3. It's a prime prospect for small lot developers, offering ample potential as an end product. Under Tier 2 TOC (Transit Oriented Community) guidelines, there's a significant 60% maximum increase permitted in the number of units, beyond what the zoning typically allows. In addition to its appeal for developers, there's also a tremendous opportunity for value creation by renovating the existing building and incorporating ADUs (Accessory Dwelling Units). This strategy can transform the property into a lucrative income-generating asset, offering an alternative to new construction. With the potential to maximize rental income through strategic renovations and additional units, this approach enhances the property's investment potential. Conveniently positioned near all amenities, including Larchmont Village, Paramount Studios, local grocery stores, restaurants, shopping outlets, and Melrose cafes. Plus, the proximity to the new Target development on Sunset & Western, just 4 minutes away, adds another layer of convenience.
Location
State CA
County Los Angeles
Area C18 - Hancock Park-Wilshire
Zoning LAR3
Interior
Heating Wall Furnace
Fireplace No
Appliance Refrigerator
Exterior
Garage Assigned
Parking Type Assigned
Total Parking Spaces 6
Building
Faces South
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5522018004
Security Features Carbon Monoxide Detector(s),Fire Detection System,Fire Sprinkler System,Smoke Detector(s)
Special Listing Condition Standard
Listed by Vinnie Park • Keller Williams Larchmont
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Kelly McLaughlin
REALTOR® | Lic# 01475708