First time on the market in over 30 years! This rare 1920's duplex is a fixer waiting for some tender loving care. It is located in prime Franklin Hills of Los Feliz with one unit tenant occupied. Boasting views of Hollywood sign and Griffith Observatory with great location and schools (Franklin Avenue Elementary), this income property it's what you've been waiting for. Both units are 2BR/2BA with garden like yard and each with it's own 1 car garage and laundry area in the basement. There is also detached structure permitted as a recreational room with a bathroom. Located in the heart of Los Feliz close to many shops and restaurants such as Kismet, Dinosaur Coffee, the Tiki-Ti and much more. Griffith Park, the Vista Theatre and Sunset Junctions are all just moments away. Big upside potential with very strong area rental demand. A great opportunity to invest in one of LA's most desirable neighborhoods! This is a trust sale sold as is. Additionally the property has development potential. Existing 6,700 square foot lot is zoned RD1.5-1XL and has TIER1 TOC designation. Build 5 units utilizing TOC incentives.
Listing courtesy of Ilona Barsoomian from Rodeo Realty
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