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1216 S Westmoreland Ave

Los Angeles, CA 90006
  • $2,700,000
  • STATUS: Active
  • ON SITE: 142 Days
  • MLS #: 21-762536
UPDATED: 184 min ago
$2,700,000
  • 7
    BEDS
  • 0.27
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:
Area:

School Ratings & Info

Description

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. 3 of the units are currently occupied by tenants and 1 vacant unit. 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.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-08T23:43:04.307. 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. Properties may or may not be listed by the office/agent presenting the information.
www.markwiseproperties.com/homes/119465534
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1216 S Westmoreland Ave Los Angeles, CA 90006

  • Price: $2,700,000
  • Status: Active
  • On Site: 142 Days
  • Updated: 184 min ago
  • MLS #: 21-762536
7
Beds
0
Baths
0
½ Baths
0.27
Acres
Neighborhood:
Mid-Wilshire
County:
Los Angeles
Area:
Mid-Wilshire
Property Description
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. 3 of the units are currently occupied by tenants and 1 vacant unit. 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.
Exterior Features

Cross Streets Pico Boulevard Lot Size Area 11704 Other Structures None Parking Garage Other Total Parking 8 View Description Other View YN Yes Water Frontage None

Interior Features

Baths Total 5.00 Cooking Appliances Range Cooling Other Equipment Range/OvenGarbage Disposal Flooring Hardwood Heating Other

Property Features

Gross Income 0 Gross Operating Income 0 Like Units1 1 Like Units2 2 Like Units3 3 Like Units4 4 Net Operating Income 0.00 Number Of Buildings 1 Number Of Units 4 Sale Type Standard Source Lot Size Area Other Total Annual Expense 0 Type Of Units 4 Unit Zoning Lar4

Listing provided courtesy of Sung Oh DRE#01884497 of Realty One Group United.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-08T23:43:04.307. 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. Properties may or may not be listed by the office/agent presenting the information.
 
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Mark Wise | Bennion Deville Homes
71691 Highway 111
Rancho Mirage CA, 92270