1216 S Westmoreland Avenue

Los Angeles, CA 90006

PRICE REDUCED

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-$210,000 (-6.56%)

$2,990,000

List Price

7

bed Beds

5

shower Baths

N/A sqft

straighten / sqft

calendar_month Built

Property Description

Attention to all investors, the property consists of large 11,704 square foot zone LAR4 which gives a lot of development value in booming Koreatown. Located in Koreatown which is known for the fast developing opportunities and its close proximity to Downtown, Hollywood, Wilshire/Vermont Metro Subway Station, The Grove makes it easy for many attractions. Easily accessible by 10 Fwy 110Fwy. The existing 4plex structure consists of 7 bedroom, 5 bathroom and 4619 square foot living spaces built in 1936. 1 of the unit is currently occupied by a tenant, 1 unit occupied by owner and 2 units are VACANT. Active developer must acquire proper development plans, permit and evict current tenants. Buyer and Buyers agent are responsible for verifying the accuracy of all information and do their own due diligence and independently verify all information.

Listing Information

List Price $2,990,000
Status Active
MLS 24429195
Type Residential Income
Lot Size 11,704
Structure Size N/A
DOM 13
Courtesy Of Real Estate eBroker Inc.
Listing Agent Sung Oh DRE#01884497

Interior Features

Total Bedroom
Bedrooms 7
Total Bathroom
Bathrooms 5
Flooring Information
Material Wood

Exterior Information

Maps

Listing information courtesy of: Sung Oh, Real Estate eBroker Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:29 PM 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.