Contingent /
MLS #SB24242177 /
Single Family /
Los Angeles
Listing information updated 12/23/2024 at 11:42pm
4-Bedroom, 2-Bath Fixer with R3 Zoning - Prime Investment Opportunity in Los Angeles! Attention investors and developers! This 4-bedroom, 2-bathroom home near Manchester and Hoover is a complete fixer-upper with massive potential, located in Los Angeles. Sitting on a 6,200 sq foot corner parcel with an R3 zoning designation and TOC Tier 3 designation, this property offers the unique opportunity to renovate or redevelop into a multi-unit project. Key Highlights: R3 Zoning: Unlock the potential for multi-residential development, perfect for maximizing the lot's value and generating long-term income. TOC Tier 3: Allows for increased density above city standards ADU options: The property has a spacious rear yard accessed by an alley that allows for easy access and a perfect place to quickly add a second dwelling Spacious Lot: Ample space to explore various redevelopment options, (buyer to verify zoning regulations) Home is in need of cosmetic and interior improvement but can be quickly updated to move in condition Prime Location: Situated in a vibrant, high-demand area with easy access to transportation, dining, shopping, and entertainment. Whether you're looking to flip this property or start fresh with a new development, this property offers numerous possibilities for improvement. With housing demand at an all-time high, this is the perfect project for those ready to capitalize on Los Angeles' growing real estate market. Don't let this rare opportunity slip away-contact us today to schedule a viewing and explore the full potential of this property!
Listing Office: Redfin Corporation
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy.
