Incredibly rare value-add opportunity to own an almost entirely vacant Character Spanish Tri-plex on a huge just under 11,000 sq ft corner lot in prime Mid-City/ Koreatown. This grand scale 3 unit (could be 4 units) is 3,606 sq ft and features; 1 large over 1,800 sq ft main house with (4) bedrooms and 1.5 baths, 2 additional (2) bedroom 1 bath units - upper unit with views.
Ton of charm & character with barrel ceilings, large picture windows, plaster fireplaces and plenty of flat outdoor space. Large flat area behind garages for additional units (buyer to verify) or improved tenant amenities. Great central location with public transit just a block away.
Just blocks from Koreatown, Minutes to downtown, Hancock Park, Hollywood and easy 10 freeway access. Property has not been sold for over 44 years, needs work and is located in Country Club HPOZ. Buyer to verify any/all renovation or development feasibility. Priced for quick “AS-IS” sale. No credits, warranties expressed or applied will be given.
Units and Projected Rents:
1. 2br / Occupied / $1,850
2. 2br / Vacant / $1,850
3. 4br / Vacant / $3,700