$999,500 Price Analysis   ♡   Los Angeles, CA 90004 6 bed 3 bath 1,984 SqFt ($503/SqFt) 7,260SqFt lot. Built 1911 Listed 2024-04-18, Taxes $12,963 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Don't miss out on this fantastic opportunity to acquire a sizable lot near Larchmont Village!
Nestled on a serene, tree-lined street, this meticulously maintained triplex exudes charm and is situated in a welcoming neighborhood. Spanning an impressive 7, 258 square feet, with dimensions of 50 feet by 145 feet, this property boasts a zoning designati on of TOC Tier 2 R3. It's a prime prospect for small lot developers, offering ample potential as an end product. Under Tier 2 TOC (Transit Oriented Community) guidelines, there's a significant 60% maximum increase permitted in the number of units, beyond what the zoning typically allows.
In addition to its appeal for developers, there's also a tremendous opportunity for value creation by renovating the existing building and incorporating ADUs (Accessory Dwelling Units). This strategy can transform the property into a lucrative income-generating asset, offering an alternative to new construction. With the potential to maximize rental income through strategic renovations and additional units, this apprach enhances the property's investment potential. Conveniently positioned near all amenities, including Larchmont Village, Paramount Studios, local grocery stores, restaurants, shopping outlets and Melrose cafes. Plus, the proximity to the new Target development on Sunset and Western, 4 minutes away, adds another layer of convenience.
Presented by Vinnie Park at
Keller Williams Larchmont.
Property MLS #24-381827 from TheMLSCLAW
Full Bathrooms: 3
Heating Features: Wall
Lot Size Dimensions: 50x145
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 7260
Parking Total: 6
Calculated Total Monthly Association Fees: 0
Number of Units: 3
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 2850, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 2850, 3 BedsTotal: 2, 3 BathsTotal: 1, 3 SquareFeet: 2850
County: Los Angeles
Directions: On Rosewood, West of Western
Source Property Type: Residential Income
Area: Hancock Park-Wilshire
Source Neighborhood: Hancock Park-Wilshire
Parcel Number: 5522-018-004
Postal Code Plus 4: 2509
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $315,353 + $753,694 $1,069,047 | $12,963 |
| 2021 | $309,170 + $738,916 $1,048,086 | $12,802 |
| 2020 | $306,000 + $731,340 $1,037,340 | $12,932 |
| 2019 | $34,242 + $189,122 $223,364 | $3,105 |
| 2018 | $33,571 + $185,414 $218,985 | $2,937 |
| 2017 | $32,913 + $181,779 $214,692 | $2,844 |
| 2016 | $32,268 + $178,215 $210,483 | $2,761 |
| 2015 | $31,784 + $175,539 $207,323 | $2,724 |
| 2014 | $31,162 + $172,101 $203,263 | $2,756 |
| 2013 | $31,022 + $171,324 $202,346 | $2,715 |
| 2012 | $30,414 + $167,965 $198,379 | $2,751 |
| 2010 | $29,818 + $164,672 $194,490 | $2,708 |
| 2009 | $29,667 + $163,831 $193,498 | $2,606 |
| 2009 | $29,596 + $163,442 $193,038 | $2,606 |
| 2008 | $29,086 + $160,619 $189,705 | $2,502 |
| 2007 | $28,516 + $157,470 $185,986 | $2,417 |
$999,500
TheMLSCLAW
Listed 2024-04-18
$999,900
TheMLSCLAW
Listing removed 2022-03-17
$0
TheMLSCLAW
Listed 2022-03-14
$1,499,800
TheMLSCLAW
Sold 1995-11-01
$150,000
Public Record
Sold 1991-09-30
$305,000
Public Record
Sold 1989-08-08
$280,000
Public Record
Sold 1989-06-07
$280,000
Public Record
Year Built: 1911
Common Walls: Attached
Direction Faces: South
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 113
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced
Security Features: Fire and Smoke Detection System, Carbon Monoxide Detector(s), Fire Sprinklers
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.