4843 Rosewood Avenue
Los Angeles, CA 90004
Active for $999,500
Beds: 6 Baths: 3 Structure Size: 1,984 sqft Lot Size: 7,260 sqft
| MLS | 24381827 |
| Year Built | 1911 |
| Property Type | |
| County | Los Angeles |
| Status | Active |
| Active | $999,500 |
| Structure Size | 1,984 sqft |
| Lot Size | 7,260 sqft |
| Beds | 6 |
| Baths | 3 |
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 145 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 2 TOC (Transit Oriented Community) guidelines, there's a significant 60% 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 & Western, just 4 minutes away, adds another layer of convenience.
Listing information courtesy of: Vinnie Park, Keller Williams Larchmont . *Based on information from the Association of REALTORS/Multiple Listing as of 09/20/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
Location
Contact a Local Realtor®
Arabo Shahjanian
REALTOR®
Direct: 818.421.4512
Email: Email Me
DRE: 02126327
DRE #01873088
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