3901 W 4th St, Los Angeles, CA 90020

$3,495,000
14
BD
14
BA
12,015
SqFt
List Price
$3,495,000
MLS#
21-761044
Year Built
1954
Bedrooms
14
Bathrooms
14
Living Sq. Ft
12,015
Lot Size
11,130
Lot Location
Corner Lot
Days on Market
43
Property Type
Multifamily
Stories
2

Property Description

We are pleased to present for sale this incredible development and/or Multi-Family opportunity in prime Koreatown! The property is strategically located 3 blocks north of famous Wilshire Blvd and on a corner lot on 4th Street and Normandie. It is situated on 11,130 Square Feet of Land and zoned R4-2 with a Tier 3 TOC Designation. This beautifully constructed 14 unit mid-century garden style apartment is poised for an astute investor looking to increase rents with 26% up-side potential OR achieve healthy returns while entitling for development of 47 Units by utilizing LA City's TOC program. 1 Unit is vacant and will be delivered as such. Buyer to conduct any/all due diligence pertaining but not limited to the development feasibility. Soft Story Retrofit Required. Email for OM. Please do not walk on the property or disturb tenants - drive by only.

Additional Information

Other Buildings
None
Heat
Other
Cooling
Other
Number of Cars in Garage
Carport, Garage Is Attached

Mortgage Calculator

Amount of Loan
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Calculator source: Real Geeks

Courtesy of , Eric Dilanian - CA DRE#

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