Attention to all investors, the property consists of large 11,704 square foot zone LAR4 which gives a lot of development value in booming Koreatown. Located in Koreatown which is known for the fast developing opportunities and its close proximity to Downtown, Hollywood, Wilshire/Vermont Metro Subway Station, The Grove makes it easy for many attractions. Easily accessible by 10 Fwy 110Fwy. The existing 4plex structure consists of 7 bedroom, 5 bathroom and 4619 square foot living spaces built in 1936. 1 of the unit is currently occupied by a tenant, 1 unit occupied by owner and 2 units are VACANT. Active developer must acquire proper development plans, permit and evict current tenants. Buyer and Buyers agent are responsible for verifying the accuracy of all information and do their own due diligence and independently verify all information.
Property Details
Price:
$2,990,000
MLS #:
24429195
Status:
Active
Baths:
0
Address:
1216 S Westmoreland Avenue
Type:
Residential Income
Neighborhood:
c17midwilshire
City:
Los Angeles
Listed Date:
Aug 17, 2024
State:
CA
ZIP:
90006
Lot Size:
11,704 sqft / 0.27 acres (approx)
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Schools
Interior
Appliances
Disposal, Range
Flooring
Wood
Exterior
Parking Spots
8.00
Stories Total
2
Financial
Map
Community
- Address1216 S Westmoreland Avenue Los Angeles CA
- AreaC17 – Mid-Wilshire
- CityLos Angeles
- CountyLos Angeles
- Zip Code90006
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Courtesy of Real Estate eBroker Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
1216 S Westmoreland Avenue
Los Angeles, CA
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