Prime Triplex Opportunity in the Heart of Los Angeles. Incredible chance to own a beautiful triplex with just 5% down (if eligible). This versatile property features: Spacious 3 Bedrooms 2 Baths unit, completely renovated with modern kitchen boasting quartz countertops, top-of-the-line appliances, new wall heater, and sleek laminate flooring throughout. Other 2 units each offering 2 Bedrooms and 2 Baths providing excellent rental income. Exterior is freshly painted with impressive curb appeal. At the rear of the property, there is room for 2 ADUs promising even more revenue potential. Ideal location, conveniently located near freeways, schools, and shopping centers for maximum tenant appeal. Whether you're an investor seeking passive income or a homeowner looking to live in one unit, this property checks all the boxes. Don't miss out on this rare opportunity. Interior showing with accepted offer.

We are pleased to present an exceptional opportunity to acquire an approximately 11,064 sq.ft. parcel zoned C2-1VL-CPIO, TOC Tier 3, in South Central Los Angeles. The site is currently underutilized, featuring a 1,857 sq.ft. church structure and an additional bungalow that does not appear to be affixed to the land. With significant development potential, the CHIP Ordinance density bonus rules estimate a maximum of 59 units, though required open space and bicycle parking provisions reduce the total buildable units to56. Using the TOC Tier 3 density rules, the site allows for up to 48 units, providing another viable option for maximizing density. Using ED1 100% affordable housing density rules, the maximum allowable units are 49, with open space and parking requirements limiting the total to 46. At less than $90 per square foot of land and just $16,964 per buildable door, this offering presents an exceptional value for developers. With Los Angeles facing a persistent housing shortage and strong rental demand, this property is well-positioned for a high-impact development that aligns with the city's urgent need for more housing. The property is also conveniently located near several parks and recreation centers, including the Green Meadows Recreation Center, which offers a variety of sports facilities and community programs, and the Mary McLeod Bethune Park, featuring playgrounds and picnic areas, both within a mile of the site.

Curbs, Fenced, Sidewalks, Tear Down On Lot, Value In Land

Brand New ADU in the back of the property. Large 3 bedroom and 2 bath in one level. Bright and airy. Ready for occupancy. Outside parking. There is no garage. Stackable washer and dryer hookup ready. No gas. Only electric with Solar.

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