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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 649,000

Est. payment | -/mo

3 Beds

6,250 Sqft Lot

Save

$ 649,000

Est. payment | -/mo

Save

3 Beds

6,250 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID MB26164928

Bedrooms 3

Lot Size 6,250 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Located in the highly sought-after Alvarado Terrace Historic District of Pico-Union, this early-1900s Craftsman presents an exceptional restoration and investment opportunity. Offering approximately 1,331 square feet of living space on a 6,250-square-foot LARD1.5-zoned lot, the property features three bedrooms, two bathrooms, and a large basement with potential for additional living space, a guest suite, or an ADUsubject to city approval, zoning requirements, and historic-district guidelines. The tenant-occupied residence is presently configured with two independent living areas. The front section includes two bedrooms and one bathroom, while the rear section offers one bedroom and one bathroom. A long central corridor, original character, and large double doors highlight the homes unique Craftsman-era design. Surrounded by distinctive historic homes and multimillion-dollar properties, this Pico-Union investment property provides convenient access to public transportation, Downtown Los Angeles, Crypto.com Arena, Koreatown, Westlake, Larchmont Village, and Hollywood. With renovation and restoration, the property may offer significant upside potential. The seller suggests a possible after-repair value of approximately $1.2 million; buyers should independently verify projected value, permitted use, zoning, square footage, unit configuration, ADU feasibility, and development potential. An excellent opportunity for an investor, developer, contractor, or buyer searching for a historic Craftsman home to restore in Central Los Angeles.

Location

State CA

County Los Angeles

Zoning Assessor

Direction Exit 110 freeway to 12th place

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 5137034014

Listed by TONY SERRANO, DRE#01384277 CENTURY 21 REALTY MASTERS

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA 92124

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1664 W 12th Los Angeles, CA 90015