6 bedroom house for sale
$999,900 - Los Angeles CA 90004Los Angeles CA 90004
6 bedroom house for sale
- Beds: 6
- Baths: 3
- Price: $999,900
- Reference No.: 70914399
- Area: 1,984 sqft
Overview
Under Tier 3 TOC (Transit Oriented Community) guidelines, there's a significant 70% maximum increase permitted in the number of units, beyond what the zoning typically allowsDon'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 140.6 feet, this property boasts a zoning designation of TOC Tier 2 R3. It's a prime prospect for small lot developers, offering ample potential as an end product. Under Tier 3 TOC (Transit Oriented Community) guidelines, there's a significant 70% 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 approach 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, just 4 minutes away, adds another layer of convenience. For more details and to contact: https://realtyww.info/homes_los-angeles-d523223/for-sale_i70914399
Disclaimer
The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.
Disclaimer
The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.
2024-04-20, Viewed 0 times.
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