Prime Mid-Wilshire/Wilshire Vista Development Opportunity! Located in one of Los Angeles' most desirable neighborhoods, this LAR2-zoned property offers exceptional investment and redevelopment potential. Existing zoning may accommodate multifamily development, ADUs, or future redevelopment opportunities (buyer to verify with the City of Los Angeles). LAR2 zoning may provide greater flexibility than SB 9, with potential opportunities for Density Bonus or other incentive programs, if applicable. Ideally situated in the sought-after Wilshire Vista/Mid-Wilshire neighborhood, adjacent to Miracle Mile and just minutes from Larchmont Village, Hancock Park, Beverly Grove, West Hollywood, and Koreatown. Enjoy convenient access to premier dining, shopping, entertainment, and major employment centers. Property is subject to the City of Los Angeles REAP Program. One unit is tenant-occupied and will transfer subject to the existing tenancy. The owner-occupied unit will be delivered vacant at the close of escrow. CASH OFFERS ONLY ! Buyer to independently verify zoning, development potential, allowable uses, REAP status, tenancy, and any applicable incentive programs with the City of Los Angeles.
| MLS # | BB26132383 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1928 |
| Days On Site | 86 |
| Listing Provided By | Christie's RE SoCal | Anna Ambarian |
| SQ Feet | 2,867 |
|---|---|
| Garage | 3 |
| Story(s) | 2 |
| Units | 2 |
| Building(s) | 1 |
| Acreage | 0.15 |
| Lot Features | Two To Five Units Acre, Back Yard, Front Yard |
|---|
| Parking Features | Door Multi, Driveway, Garage |
|---|---|
| Garage Yes / No | Yes |
| Sewer | Unknown |
|---|
| Community Features | Curbs, Sidewalks |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90019 |
| Area | C17 Mid Wilshire |
| Listing VS Median (in 90019) | |
Price: $1,100,000 low | high Med: $1,790,000 sqft: 2,867 low | high Med: 6,480 $ / sqft: $384 low | high Med: $276 On site: 86 low | high Med: 10 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90019 |
| Area | C17 Mid Wilshire |
| Listing VS Median (in 90019) | |
Price: $1,100,000 low | high Med: $1,790,000 sqft: 2,867 low | high Med: 6,480 $ / sqft: $384 low | high Med: $276 On site: 86 low | high Med: 10 | |