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$ 695,000
Est. payment | /mo
5 Beds
4 Baths
2,050 SqFt
$ 695,000
Est. payment | /mo
5 Beds
4 Baths
2,050 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,050 sqft
Price per Sqft $339
MLS Listing ID 26856919
Bedrooms 5
HOA Y/N No
Year Built 1926
Lot Size 5,514 Sqft
Property Description
Optimized Triplex in LA's high-demand Florence neighborhood, offering a rare mix of strong day-1 cash flow and explosive, entitlement-backed development potential. Situated on a 5,513 SF LAR2 lot, the property features 2 distinct structures totaling 3 units: a detached front bungalow (2BR/1BA) and a rear duplex, operating at a strong 6.3% Cap Rate.What sets this asset apart is its stacked development profile: TOC Tier 2 status, located within an AB 2097 zone (completely eliminating minimum parking requirements), Transit Priority Area, and AB 2334 Very Low Vehicle Travel Area. Featuring eligibility flags for SB 9, ED 1, and the Citywide Adaptive Reuse Program, an incoming operator has multiple paths to add massive density. Use the expansive rear yard to build detached, non-RSO market-rate ADUs/JADUs to radically lift the rent roll. Perfect for value-add investors.
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Zoning LAR2
Interior
Heating Wall Furnace
Fireplace No
Exterior
Parking Features Gated
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 6022010023
Special Listing Condition Standard
Listed by Armin Soleimani Global Platinum Properties, Inc. #01846872
Nearby Locations
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Craig & Priscilla Albin
REALTOR® | Broker-Associate | Lic# 01486993 | DRE#01437691