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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$1,875,000

Est. payment - /mo

10 Beds

8 Baths

6,556 SqFt

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 6,556 sqft

Price per Sqft $285

MLS Listing ID 25589823

Bedrooms 10

HOA Y/N No

Year Built 1923

Lot Size 10,593 Sqft

Property Description

This prime Los Feliz property, located adjacent to Hollywood Hills, offers a strong unit mix of two massive, townhouse-style three-bedroom units and four one-bedroom units. Three units will be delivered vacant, presenting immediate value-add or redevelopment potential. The front duplex features new electrical, plumbing, and roof, while the rear fourplex also has a new roof and updated plumbing. Situated on a large 10,590 SF lot with Tier 3 TOC incentives, the property includes one garage and six open parking spaces ideal for potential ADU conversion under SB1211. With eligibility for redevelopment through the CHIP Ordinance to build 50+ units or 70+ units through ED1, the land is very well priced at $177.05 per square foot. This is a rare opportunity for both short-term cash flow and long-term development upside in one of LA's most desirable neighborhoods. With three units delivered vacant and a large LAR3 lot with Tier 3 TOC incentives, this property offers immediate income potential alongside exceptional redevelopment opportunities through CHIP, ED1, or ADU conversion in a prime Los Feliz location.

Location

State CA

County Los Angeles

Area 637 - Los Feliz

Zoning LAR3

Interior

Fireplace No

Exterior

Parking Features Garage, Tandem

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5544006029

Special Listing Condition Standard

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Listed by Jason Tuvia Marcus & Millichap

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5418 Franklin AVE Los Angeles, CA 90027