$999,900
4843 Rosewood Avenue, Los Angeles 90004
6
Beds
3
Baths
1,984
Square feet
7,260
Lot Size
3
# Of Units
Listing Agent
Vinnie Park - Keller Williams LarchmontDon'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 145 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 2 TOC (Transit Oriented Community) guidelines, there's a significant 60% 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 & Western, just 4 minutes away, adds another layer of convenience.
Facts & Features
MLS® # | 24381827 |
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Price | $999,900 |
Bedrooms | 6 |
Bathrooms | 3.00 |
Square Footage | 1,984 |
Lot Size | 7,260 |
Year Built | 1911 |
Type | Residential Income |
Status | Active |
# Of Units | 3 |
Community Information
Address | 4843 Rosewood Avenue |
---|---|
Area | C18 - Hancock Park-Wilshire |
City | Los Angeles |
County | Los Angeles |
Zip Code | 90004 |
Amenities
Parking Spaces | 6 |
---|---|
Parking | Assigned |
Garages | Assigned |
Is Waterfront | No |
Has Pool | No |
Interior
Appliances | Refrigerator |
---|---|
Heating | Wall Furnace |
Has Basement | No |
Fireplace | No |
# of Stories | 2 |
Stories | Two |
Additional Information
Date Listed | April 18th, 2024 |
---|---|
Days on Market | 17 |
Zoning | LAR3 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Vinnie Park |
---|---|
Office | Keller Williams Larchmont |