Description
Charming 8-unit Spanish Colonial Revival property in the heart of Koreatown with WalkScore of 94. All units are 1BR/1BA townhouse-style with own entrances. Great value-add income property or flip. Five (5) units are vacant, have been updated and ready for lease up or sale. Detached 3-car garage provides a great opportunity to build 2 additional units (ADUs). Seller can provide building plans ($20k value). Property has been approved for TIC unit sales and has a DRE White Public Report ($30K value) allowing the new owner to sell residential TIC interests which are estimated to be valued at $300,000 to $350,000 per unit.
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8BEDS
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0.1ACRES
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0BATHS
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01/2 BATHS
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4,200SQFT
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$476$/SQFT
School Ratings & Info
Description
Charming 8-unit Spanish Colonial Revival property in the heart of Koreatown with WalkScore of 94. All units are 1BR/1BA townhouse-style with own entrances. Great value-add income property or flip. Five (5) units are vacant, have been updated and ready for lease up or sale. Detached 3-car garage provides a great opportunity to build 2 additional units (ADUs). Seller can provide building plans ($20k value). Property has been approved for TIC unit sales and has a DRE White Public Report ($30K value) allowing the new owner to sell residential TIC interests which are estimated to be valued at $300,000 to $350,000 per unit.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-28T09:42:14.64. 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.