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$1,100,000
Est. payment /mo
6 Beds
4 Baths
9,054 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26043662
Bedrooms 6
Lot Size 9,054 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Prime LAR3-zoned triplex opportunity in the heart of Los Angeles! Situated on an expansive 9,000+ sq ft lot, this versatile income property offers three separate units with strong rental potential and long-term development upside. The front residence (959) is a charming 3-bedroom, 2-bath single-family home featuring classic character and excellent owner-user appeal. At the rear, a duplex (955 & 957) consists of two 1-bedroom units, each with a loft that may function as a second bedroom or office, enhancing rental flexibility and income potential. Each unit benefits from detached garage space, with additional garage rental income currently in place. The generous LAR3 zoning provides significant redevelopment possibilities for investors seeking to maximize density (buyer to verify with city). Ideal for investors, developers, or owner-occupants looking to live in one unit while generating income from the others. Located in a high-demand rental corridor with convenient access to major transportation routes, employment centers, shopping, and dining. A rare chance to secure a multi-unit property with immediate cash flow and future upside in a rapidly appreciating Los Angeles neighborhood.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Main Cross Streets Melrose and Western Blvd
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 5537025004
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
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Listed by Liza Parrilla, DRE#02041822 Equity Union
Nearby School & Business
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