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$ 1,425,000
Est. payment /mo
New
1311 W 38th Los Angeles, CA 90062
5,253 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID RS26115689
HOA Y/N No
Year Built 1921
Lot Size 5,253 Sqft
Property Sub-Type Triplex
Property Description
We are pleased to present this Multifamily Investment opportunity located in Los Angeles consisting of if three units : (2) two-bedroom/one bath units and (1) one-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 buyers verification 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.
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 buyers verification 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.
Location
State CA
County Los Angeles
Area Phht - Park Hills Heights
Interior
Fireplace No
Laundry Gas Dryer Hookup
Exterior
Pool None
Community Features Urban
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5036001012
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
Listed by Alex Figueroa eXp Realty of Southern CA 714-757-3822, DRE #01173239
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