4849 W 17th, Los Angeles, CA 90019
4849 W 17th, Los Angeles, CA 90019
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Ernie Caponera

Ernie Caponera

+1(714) 606-0926
$1,450,000
Est. payment /mo
7,008 Sqft Lot
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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID RS26122365

HOA Y/N No

Year Built 1924

Lot Size 7,008 Sqft

Property Sub-Type Triplex

Property Description

We are pleased to present this Multifamily Investment opportunity located in Los Angeles consisting of if three units : (2) One -bedroom/one bath units and (1) Two- 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.
This property offers a unique opportunity to build in a very up and coming area and close to Downtown LA.

Buyer to do all investigation on building opportunities with the city

Location

State CA

County Los Angeles

Area 699 - Not Defined

Interior

Fireplace No

Laundry None

Exterior

Parking Features Driveway

Pool None

Community Features Curbs, Street Lights, Urban

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5067007014

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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Listed by Alex Figueroa eXp Realty of Southern CA 714-757-3822, DRE #01173239

Nearby Locations

Ernie Caponera

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

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