A compelling investment and development opportunity in the heart of Koreatown, one of Los Angeles' most dense and high-demand rental markets. This gated Craftsman-style property sits on an approximately 9,800 sq ft lot with an existing structure of approximately 5,800 sq ft and offers on-site parking for up to 12… Read More vehicles, a rare and valuable feature for the area.The property features a boarding house-style configuration with 9 bedrooms with en-suites and 9 singles with 3 shared bathrooms, with strong curb appeal and on-site laundry. The dense, supply-constrained submarket supports consistent rental demand, with additional income potential through furnished or corporate housing strategies, subject to buyer verification and local regulations. Zoned LAR3 per public records. Offered as-is. Ideal for investors or developers seeking a flexible asset with both income and repositioning potential. All information deemed reliable but not guaranteed. Buyer to conduct their own due diligence regarding zoning, use, unit count, square footage, lot size, permits, rent control applicability, income projections, and development feasibility. Read Less
Property listed by The Hills Premier Realty, Cory Green
Listing Snapshot
Days Online
16
Last Updated
Beds
18
Square Ft.
5,804
Lot Size
0.23 Acres
Year Built
1901
MLS Number
26669187
Additional Details
Appliances & Equipment
Dryer, Washer
Building
Built in 1901, Living area: 5804.0, 1 building, Levels: MultiSplit
Cooling
CentralAir
Exterior Features
Patio/Porch Features: FrontPorch
Fireplaces
None
Floors
Laminate, Tile, Wood
Heating
Central
Laundry
LaundryRoom
Lot
0.225 acres, Dimensions: 70x140
Parking
12 open parking spaces, 12 total parking spaces, ControlledEntrance, Driveway
Pool
None
Property
Other structures: Sheds
Taxes
Parcel Number: 5076016010, Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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