
Los Angeles, California 90019
We are pleased to present this Multifamily Investment opportunity located in Los Angeles consisting of if three units TWo One -bedroom/one bath units and One 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 buyer to verify 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
Property is extensive renovation needed.
Built in 1924, the property is currently undergoing renovations and is being sold in its current unfinished condition. The listing explicitly states that the provided images are renderings rather than actual photos, indicating the property requires significant rehab to reach a habitable or finished state.
The LARD 1.5 zoning on a generous 7,010 sqft lot provides a significant value-add opportunity to increase density to 8-10 units, maximizing long-term ROI.
Delivered 100% vacant, the property allows an investor to bypass tenant relocation hurdles and establish current market-rate rents from day one of operations.
Positioned in a rapidly appreciating pocket near Downtown Los Angeles, the property is well-located to benefit from ongoing local business development and economic growth.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 907, other record living area = 2338.
The property is sold in its current mid-renovation state, requiring the buyer to manage construction logistics and provide immediate capital to finish the units.
With a list price of $1.425M for only 907 existing square feet, the entry cost is high, placing heavy reliance on speculative future development rather than current improvements.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 907 | 2,090.331 |
| Lot Size | 7,010 | 5,852.908 |
| Price | $1.43M | $830.9K |
| Price per sq ft | $1.6K | $394 |
| Built year | 1924 | 1928 |
| HOA | $0 | $0 |
| Days on market | 5 | 87 |
Nov 4, 2026
$1,425,000
Initial Listing
Apr 18, 2024
$855,000
Public Record