$3,100,000
About this home
Located in one of Los Angeles’ most rapidly growing neighborhoods, this LARD 1.5-zoned property offers a prime investment and development opportunity. With significant potential for multi-unit construction, this site is ideal for developers seeking to maximize density and long-term value. The property currently features nine individual houses and a salon, providing immediate rental income while serving as a strong foundation for future redevelopment. Strategically positioned in Glassell Park, this site offers seamless access to major freeways, ensuring efficient connectivity to Downtown LA, Silver Lake, and Glendale. The area’s ongoing growth and demand for housing make this an exceptional opportunity for investors looking to develop in a high-potential market.Whether for redevelopment, expansion, or a value-add project, this property presents a rare chance to create a high-performing asset in a sought-after Los Angeles location
Facts & features
- Heating
- Wall Furnace
- Laundry
- None
- Lot size
- 0.418 acres (18,200 sq ft)
- Year built
- 1938
- Parking spaces
- 10
- Area
- 623 - Glassel Park
- County
- Los Angeles
- Status
- Active
- Property type
- Multi Family
- Days on market
- 478
- Listed
- 2025-03-13
- Original price
- $3,580,000
- Terms
- Cash To New Loan
- Parcel #
- 5458024012
- MLS #
- WS25055004
