$1,550,000
About this home
DEVELOPMENT DEAL. Prime Development Opportunity R3 Lot with Partial RTIAn exceptional opportunity for developers and investors! This R3-zoned lot comes with a partially RTI (Ready-To-Issue) permit, having already passed Planning and currently awaiting approval from the Building and Safety Department. The proposed project is sited for a 20-unit build, consisting of 16 primary units plus 4 ADUs on the ground floor, maximizing the lot's development potential.Located in a high-demand area with strong rental upside, this property is ideal for those looking to capitalize on Los Angeles's growing need for multi-family housing, with much of the entitlement process already completed, this is a rare chance to step into a nearly shovel-ready development with significant upside.Don't miss this outstanding investment opportunity to build a high-yield asset in a desirable neighborhood. The home currently is a Single Family. Floors have been redone, home has been painted inside and out, new Kitchen, new bathrooms, has never been lived in. Large lot of almost 7k sqft with a newly constructed backyard. This beautiful home is move in ready. Location is ideal, min from Beverly Grove and a few blocks from Freeway. Easy to show and could be leased furnished as well. Already cash flowing at $5,000/ month with tenant in place until January 2027
Facts & features
- Bedrooms
- 3
- Bathrooms
- 1 full, 1 half
- Living area
- 1,479 sq ft
- Interior features
- Separate Formal Dining Room
- Appliances
- Gas Cooktop, Refrigerator, Vented Exhaust Fan, Dryer, Washer
- Flooring
- Wood
- Fireplace
- Den
- Heating
- Floor Furnace
- Cooling
- None
- Laundry
- In Kitchen
- Levels
- One
- Spa
- None
- Lot size
- 0.158 acres (6,888 sq ft)
- Pool
- None
- Architectural style
- Craftsman
- Year built
- 1925
- Parking
- None
- Parking spaces
- 2
- Area
- C 16 - Mid Los Angeles
- County
- Los Angeles
- Status
- Active
- Property type
- Single Family Residence
- Days on market
- 8
- Listed
- 2026-05-26
- Parcel #
- 5068023020
- MLS #
- 26838521
