Vinnie Park
This listing was posted on RealtyWW.
$999,900
Home For Sale In Los Angeles, California
Price:
$999,900
BR/BA:
6 BR, 3 BA
Location:
4843 Rosewood Ave, Los Angeles, CA
Description:
Don'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 140.6 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 3 TOC (Transit Oriented Community) guidelines, there's a significant 70% 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 and Western, just 4 minutes away, adds another layer of convenience.For more details: https://realtyww.info/homes_los-angeles-d523223/for-sale_i70914399
Property Type:
Single-Family Houses
Posted:
April 20 on RealtyWW
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More About this Listing: Home For Sale In Los Angeles, California
Home For Sale In Los Angeles, California is a Six Bedroom 3.5 Bath Single-Family Homes for Sale at 4843 Rosewood Ave in Los Angeles CA. Find other listings like Home For Sale In Los Angeles, California and listings near 4843 Rosewood Ave by searching Oodle Classifieds for Six Bedroom 3.5 Bath Single-Family Homes for Sale in Los Angeles CA.
Home For Sale In Los Angeles, California is a Six Bedroom 3.5 Bath Single-Family Homes for Sale at 4843 Rosewood Ave in Los Angeles CA. Find other listings like Home For Sale In Los Angeles, California and listings near 4843 Rosewood Ave by searching Oodle Classifieds for Six Bedroom 3.5 Bath Single-Family Homes for Sale in Los Angeles CA.