5017 Elmwood Avenue, Los Angeles, CA 90004

$1,500,000
3
BD
2
BA
2,013
SqFt
List Price
$1,500,000
Status
PENDING
MLS#
20660626
Year Built
1924
Bedrooms
3
Bathrooms
2
Living Sq. Ft
2,013
Lot Size
6,256
Days on Market
0
Property Type
Single Family Residential
Property Sub Type
Single Family Residence

Property Description

We are pleased to present for sale an R3 TOC Tier 1 development opportunity located in the hip Larchmont Village area of Los Angeles! The lot's size is 6,250 sqft, meaning a developer can build 7 units by right or up to 12 utilizing TOC incentives. Next door lot is also available making this an amazing opportunity to build up to 24 units on a combined 12,500 sqft R3 lot in super hot Larchmont Village! This charming Country English home consists of 3 Bd 1.5 Ba downstairs (.5 ba may not have permit), hardwood floors, open floor plan with very private backyard PLUS an upstairs area which can be converted into a private master bedroom or rented studio! Lots of options with this property!! Build up to 24 units, renovate according to your tastes and move right in, or perfect flip opportunity! Buyer to verify zoning with LADBS. Home to be sold As-Is. Contact listing agent for more details!

Additional Information

Appliances
Disposal
Pool Description
None
Fireplace Description
Living Room
View
None

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Daniel Shamooelian from BRC Advisors- BH

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.