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$ 1,195,000
Est. payment | /mo
8 Beds
3 Baths
7,700 Sqft Lot
$ 1,195,000
Est. payment | /mo
8 Beds
3 Baths
7,700 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26216524
Bedrooms 8
Lot Size 7,700 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
INVESTOR / BUILDER / DEVELOPER OPPORTUNITY! Located in the heart of Hollywoods Afton Square neighborhood, this classic 1920s Mediterranean-style quadraplex presents a rare opportunity to acquire a large R3-zoned multifamily property with significant upside potential. Situated just minutes from the Hollywood Walk of Fame and directly across from Sunset Gower Studios Stage 9, the property offers an exceptional location for investors, owner-users and developers alike. The approximately 7,700-square-foot lot features a character-rich four-unit building with approximately 5,746 square feet of interior space. Each spacious unit offers 2 bedrooms and 1 bath, with oversized interiors, high ceilings, crown molding and the architectural character associated with Hollywoods classic apartment buildings. Two units are currently ready for rehabilitation, providing an immediate opportunity for a new owner to renovate and reposition the vacant units. The remaining two units are occupied.The property is zoned LAR3, offering potential for future development or expansion. The site may also present opportunities for additional accessory dwelling units or other residential improvements under applicable current City of Los Angeles and California regulations. Buyer to independently verify all zoning, development, ADU, SB 79, density, parking, historic-resource, RSO and other development requirements with the appropriate governmental agencies and qualified professionals.
Location
State CA
County Los Angeles
Zoning Public Rec
Direction South of Sunset, North of Fountain, on the corner of Gower and Afton Place
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5546021008
Acceptable Financing Cash
Listing Terms Cash
Listed by Lance Friedman, DRE#00912879 Berkshire Hathaway HomeServices California Properties
Nearby Locations
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