CA > Los Angeles
Los Angeles, CA 90004,4843 Rosewood Ave
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Los Angeles, CA 90004,4843 Rosewood Ave
Los Angeles, CA 90004,4843 Rosewood Ave
Los Angeles, CA 90004,4843 Rosewood Ave
Los Angeles, CA 90004,4843 Rosewood Ave
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GUIDE SoCal

GUIDE SoCal

$ 999,500
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4843 Rosewood Ave Los Angeles, CA 90004

6 Beds

3 Baths

1,984 SqFt

UPDATED:

06/21/2024 08:48 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,984 sqft

Price per Sqft $503

MLS Listing ID 24-381827

Bedrooms 6

Year Built 1911

Lot Size 7,260 Sqft

Acres 0.1667

Property Description

Don't miss out on this fantastic opportunity to acquire a sizable lot near Larchmont Village! Nestled on a serene, tree-lined street, this meticulously maintained triplex exudes charm and is situated in a welcoming neighborhood. Spanning an impressive 7,258 square feet, with dimensions of 50 feet by 145 feet, this property boasts a zoning designation of TOC Tier 2 R3. It's a prime prospect for small lot developers, offering ample potential as an end product. Under Tier 2 TOC (Transit Oriented Community) guidelines, there's a significant 60% maximum increase permitted in the number of units, beyond what the zoning typically allows. In addition to its appeal for developers, there's also a tremendous opportunity for value creation by renovating the existing building and incorporating ADUs (Accessory Dwelling Units). This strategy can transform the property into a lucrative income-generating asset, offering an alternative to new construction. With the potential to maximize rental income through strategic renovations and additional units, this approach enhances the property's investment potential. Conveniently positioned near all amenities, including Larchmont Village, Paramount Studios, local grocery stores, restaurants, shopping outlets, and Melrose cafes. Plus, the proximity to the new Target development on Sunset & Western, just 4 minutes away, adds another layer of convenience.

Location

State CA

County Los Angeles

Area Hancock Park-Wilshire

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Air Conditioning

Equipment Range/Oven, Refrigerator

Exterior

Garage Assigned

Garage Spaces 6.0

Waterfront Description None

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Keller Williams Larchmont

GUIDE SoCal

Broker | License ID: DRE#01976964

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4843 Rosewood Ave