$2,650,000
2951 Francis Avenue, Los Angeles 90005
15
Beds
11
Baths
5,502
Square feet
6,753
Lot Size
4
# Of Units
Listing Agent
Max Lee - Real BrokerREAL BROKER LLC is Proud to present A CASH COW OPPORTUNITY SALE OF 4 TURN-KEY PROPERTY WITH RTI READY TO GO ADU PLANS FOR 2 BED 2 BATH PLUS 1 BED 1 BATH REAR DETACHED BUILDING ADUs. SELLER HAS 2 ESTIMATE COST OF CONSTRUCTION AT $160 PER SQ FEET. FRONT FOUR-UNITS ARE FULLY RENOVATED/TURN KEY APARTMENT COMMUNITY LOCATED 2951 Francis Avenue. SPRAWLING RESTRANTS NEARBY AND SUPERMARKET, FLOWER SHOP, BUS STOPS, FEW BLOCKS FROM STARBUCKS AND METRO STATION. The subject property is located just south of 8th Street within the desirable Koreatown sub-market. Situated on a 6,751 square foot parcel, the property is comprised entirely of three-bedroom units. New ownership has the ability to add two accessory dwelling units (ADU's) TOTALLING 1,650 SF., for a two-bedroom and one-bedroom unit. ADU Permits are "RTI" Status. Current Ownership has extensively renovated all units with stainless-steel kitchen appliances, new flooring, in unit washer/dryers, AC systems in each bedroom & more. ALL ROOMS ARE LARGE SIZES. The continued gentrification of the surrounding area along with the rare opportunity to acquire a fully rehabbed, luxury apartment community with a healthy income stream makes 2951 Francis Avenue an excellent acquisition opportunity FOR THOSE WHO ARE LOOKING TO DO 1031 EXCHANGE OR A NEW PURCHASE TO MAKE YOUR $$$ GO FARTHER, CREATING GENERATIONAL WEALTH.
Facts & Features
MLS® # | 24376665 |
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Price | $2,650,000 |
Bedrooms | 15 |
Bathrooms | 11.00 |
Square Footage | 5,502 |
Lot Size | 6,753 |
Year Built | 1921 |
Type | Residential Income |
Status | Active |
# Of Units | 4 |
Community Information
Address | 2951 Francis Avenue |
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Area | C17 - Mid-Wilshire |
City | Los Angeles |
County | Los Angeles |
Zip Code | 90005 |
Amenities
Parking | Assigned |
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Garages | Assigned |
Is Waterfront | No |
Has Pool | No |
Interior
Appliances | Dishwasher, Disposal, Refrigerator, Dryer, Washer |
---|---|
Heating | Combination |
Cooling | Dual |
Has Basement | No |
Fireplace | No |
# of Stories | 2 |
Stories | One |
Additional Information
Date Listed | April 4th, 2024 |
---|---|
Days on Market | 27 |
Zoning | LAR4 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Max Lee |
---|---|
Office | Real Broker |