For Sale

$999,900

4843 Rosewood Ave, Los Angeles, CA 90004

6 Beds
3 Baths
1,984 Sq.Ft.
Est. payment from /mo Get Pre-Approved

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.
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 ...
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Interior

Appliances
Range/Oven, Refrigerator

Area & Lot

Lot Size
7,260 Sq.Ft.
MLS® ID
24-381827
Type
Residential
Year Built
1911
Water Frontage
['None']

Exterior & Building

Stories
2
Parking
Assigned
Heat Type
Wall
Air Conditioning
Air Conditioning
Security Features
Fire and Smoke Detection System, Carbon Monoxide Detector(s), Fire Sprinklers

Finance

Reduced Price
Price Upon Request
Zoning
LAR3
4843 Rosewood Ave

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Work With Vinnie

With over a decade of experience in property management, development, interior design, renovation and sales, Vinnie Park has built a solid reputation as a highly trusted, hardworking broker with extensive market knowledge and unmatched devotion to his clients.