Situated on a sprawling 23,569 square foot lot, this 24-unit multifamily property in the coveted West Adams Heights subdivision represents a prime investment opportunity. Built in 1958, the 20,876 square foot mid-century building is zoned LARD2, allowing for potential future development or renovations. This property offers a unique chance to invest in the historic West Adams neighborhood, known for its rich history and vibrant community.Offered under a bankruptcy sale, this property presents a rare chance to acquire a significant asset in a high-demand area. Buyers should be aware that the property is subject to various covenants and restrictions that may impact tenant selection, income, and rent levels. Prospective buyers are strongly encouraged to independently verify all information, including square footage and zoning regulations.Don't miss out on this exceptional opportunity to invest in one of Los Angeles' most storied neighborhoods.
Mls | P1-19133 |
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Listing Type | For Sale |
Style | Attachd |
Subtype | Resale |
Status | Pending |
Year | 1958 |
Days On Site | 99 |
Listing Provided By | Keller Williams Realty (626) 204-3300 | Brian Parsons |
Sq Feet | 20,876 |
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Storys | 2 |
Zoning | LARD2 |
Acreage | 0.54 |
State | CA |
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County | Other |
City | Los Angeles |
Zip Code | 90018 |
Area | C16 Mid Los Angeles |
Listing VS Median (in 90018) | |
Price: $2,400,000 low | high Med: $1,050,000 SqFt: 20,876 low | high Med: 2,531 $ / SqFt: $115 low | high Med: $415 On Site: 99 low | high Med: 34.000000 |