$2,450,000
For Sale

1121 5th Avenue

Los Angeles, CA 90019
0.33 acres | #PW25035453
Listing OfficeEquity Smart Real Estate Services
Browse 32 photos
Type:Multi-Family
Structure:3 Family
Zone:Residential

Description

First time on the market in over 25 years. Welcome to 1121 5th Ave, Los Angeles CA 90019. This Property is absolutely stunning, and a great opportunity to enjoy passive income. In addition.. it is zoned LARD1.5, which enables the new owner to build up to 9 units and 2 ADUs ( verified with Building and Safety ) sitting on a huge lot. HOT AREA for new development opportunity in one of L.A.'s Hottest Neighborhood. Close proximity to shopping, restaurants, schools, parks, public transportation, and freeway. The Tenants are paying well below market rent.

  • Property Details
      • Lot DescriptionTwoToFiveUnitsAcre
      • InteriorAllBedroomsUp
      • Property TypeMulti-Family
      • Sewer InformationPublicSewer
      • CountyLos Angeles
      • Original List Price$2,450,000
      • MLS #PW25035453
      • MLS #PW25035453
      • Cost2450000
      • Property SubtypeTriplex
      • Acres0.3259
      • Utility SourcePublic
      • Year Built1948
      • Stories2
      • Parking Spaces3

Location

Pete & Mona Sayegh | American Classic Real Estate ServicesReal Estate Group

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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