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ZIP CODE 90057

$1,050,000
3 Beds 2 Baths ACTIVE Status
Have you been seeking a versatile commercial property with an ideal location in Central Los Angeles and multiple exit strategies? Look no further! Conveniently situated in the highly sought-after area of Koreatown only minutes from desirable amenities, this vacant, two-unit duplex is the ideal property for an owner/landlord or an investor seeking a tear-down opportunity for new construction. Explore the duplex to find one, 1BR/1BA unit build in 1946 and one, 2BR/1BA unit build in 1983. Surrounded by neat landscaping, the structure features a stucco exterior, Spanish architectural elements, and multiple outdoor spaces for entertaining and BBQs. Offering the opportunity for customization, both well-loved and semi-incomplete interiors include an openly flowing floorplan, tons of shimmering natural light, various attractive flooring (tile/faux wood/etc.), a large living room, and a spacious eat-in kitchen with gas cooking, ample cabinetry, and plenty of countertop space. The front unit boasts one extra-large bedroom and a full bathroom, while the back-unit impresses with two well-sized bedrooms and a full bathroom. Investors who are seeking an excellent location for a new structure, this location allows for up to 12 residential units. Create luxe new rentals and bask in the fabulous population of approximately 130,000 with a terrific annual income of $78,056 (average HH income)! Being immersed in the West Lake area, you also gain the advantage of over 95% of Westlake's residents renting, instead of owning their homes. Catering to multiple generations of exciting potential tenants, this location is only minutes from an array of grocery stores, trendy restaurants, entertainment venues, fun bars/pubs, Dodger Stadium, Metro Purple Line (extension planned by 2024), and Walt Disney Concert Hall. Whether you are seeking to settle in or build up, this unusual property delivers much-needed flexibility. Get all the advantages of this incredibly rare investment opportunity and call now for your private tour!

226 Crandall St, Los Angeles

Courtesy of , Jacob Kesherim - CA DRE#

$1,050,000
ACTIVE Status
Have you been seeking a versatile commercial property with an ideal location in Central Los Angeles and multiple exit strategies? Look no further! Conveniently situated in the highly sought-after area of Koreatown only minutes from desirable amenities, this vacant, two-unit duplex is the ideal property for an owner/landlord or an investor seeking a tear-down opportunity for new construction. Explore the duplex to find one, 1BR/1BA unit build in 1946 and one, 2BR/1BA unit build in 1983. Surrounded by neat landscaping, the structure features a stucco exterior, Spanish architectural elements, and multiple outdoor spaces for entertaining and BBQs. Offering the opportunity for customization, both well-loved and semi-incomplete interiors include an openly flowing floorplan, tons of shimmering natural light, various attractive flooring (tile/faux wood/etc.), a large living room, and a spacious eat-in kitchen with gas cooking, ample cabinetry, and plenty of countertop space. The front unit boasts one extra-large bedroom and a full bathroom, while the back-unit impresses with two well-sized bedrooms and a full bathroom. Investors who are seeking an excellent location for a new structure, this location allows for up to 12 residential units. Create luxe new rentals and bask in the fabulous population of approximately 130,000 with a terrific annual income of $78,056 (average HH income)! Being immersed in the West Lake area, you also gain the advantage of over 95% of Westlake's residents renting, instead of owning their homes. Catering to multiple generations of exciting potential tenants, this location is only minutes from an array of grocery stores, trendy restaurants, entertainment venues, fun bars/pubs, Dodger Stadium, Metro Purple Line (extension planned by 2024), and Walt Disney Concert Hall. Whether you are seeking to settle in or build up, this unusual property delivers much-needed flexibility. Get all the advantages of this incredibly rare investment opportunity and call now for your private tour!

226 Crandall St, Los Angeles

Courtesy of , Jacob Kesherim - CA DRE#

$1,525,000
ACTIVE Status
We are pleased to present a development opportunity located at 2741 Beverly Boulevard in the Westlake neighborhood of Los Angeles, proximate to Koreatown, Silver Lake, Echo Park, and Downtown Los Angeles. The property sits on 2 parcels and a total of 9,119 square feet of land that is zoned C2 with a TOC Tier 2 incentives. There is currently a vacant 1,380 square foot commercial structure that was built in 1950 and was most recently occupied by a medical tenant. The structure also recently had some fire damage to the interior. With the current structure being delivered vacant and not having any residential component to it, there will not be any relocation of tenants or any rent control restrictions on the redevelopment. The lot allows up to 22 units by right, 37 units with the density bonus, and potentially up to 46 by designing up for ADU conversions (Buyer to verify with their architect and City). There are no current entitlements or plans for redevelopment, so this is a completely blank slate for any investors that have interest in this high traffic and densely populated neighborhood of Los Angeles. With over 1,953 proposed units in the pipeline to be delivered by 2024 and 875-units currently under construction, the Westlake submarket has been experiencing significant growth and interest from developers. Ideally situated between downtown LA and Echo Park, Westlake has been rapidly gentrifying with hip galleries, Latin eateries and bars springing up throughout the neighborhood.

2741 Beverly Blvd, Los Angeles

Courtesy of , Sevak Keshishian - CA DRE#

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