Don't miss this incredible investment opportunity in the heart of Los Angeles! This expansive property is made up of three separate buildings with 7 units that each showcase their own two bedrooms and full bathroom. Nestled in the desirable Mid-Wilshire area, it's located in a Qualified Opportunity Zone (QOZ) potentially offering powerful tax benefits. The exterior charm boasts the spirit of Los Angeles, alongside a full length concrete driveway serving the back garages and parking spaces. This investment is zoned LAR3-1 and is additionally located within a Tier 3 TOC Area, allowing for potential additional development density bonuses due to its proximity to public transportation. Each of the units features its own washer/dryer hookups that are separately metered, Buyer to verify. Additional property features including a recent $50,000+ interior renovation throughout the units. Ideally located in the Mid-Wilshire corridor near freeways, allowing easy access to downtown Los Angeles, LA City College, Dodger Stadium, and nearby hotspots like Los Feliz, Silver Lake, and Hollywood. Buyers to verify all zones and potential tax benefits. Buyers to verify all potential development bonuses and all development potential with the City.
| MLS # | LG26074807 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1922 |
| Days On Site | 165 |
| Listing Provided By | Innovate Realty, Inc. | Suzanne Abolhosseini |
| SQ Feet | 4,924 |
|---|---|
| Garage | 3 |
| Story(s) | 2 |
| Units | 7 |
| Building(s) | 3 |
| Acreage | 0.24 |
| Property View | Yes |
| Cooling | None |
|---|---|
| Heating | None |
| Heating Yes / No | No |
| Cooling Yes / No | No |
| Fireplace Yes / No | No |
| Lot Features | Front Yard |
|---|
| Parking Features | Driveway, Garage, One Space |
|---|---|
| Garage Yes / No | Yes |
| Sewer | Public Sewer |
|---|
| Community Features | Sidewalks |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90004 |
| Area | C17 Mid Wilshire |
| Listing VS Median (in 90004) | |
Price: $1,500,000 low | high Med: $822,000 sqft: 4,924 low | high Med: 1,303 $ / sqft: $305 low | high Med: $633 On site: 165 low | high Med: 34 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90004 |
| Area | C17 Mid Wilshire |
| Listing VS Median (in 90004) | |
Price: $1,500,000 low | high Med: $822,000 sqft: 4,924 low | high Med: 1,303 $ / sqft: $305 low | high Med: $633 On site: 165 low | high Med: 34 | |
![]() | $1,525,000500 N Alexandria AvenueLos Angeles, CA 90004 |
![]() | $1,595,000548 N KenmoreLos Angeles, CA 90004 |
![]() | $1,399,0004214 RosewoodLos Angeles, CA 90004 |