Charming and well-maintained triplex situated on a generous 7,258 sq ft R3 lot in a highly desirable pocket near Larchmont Village. Positioned on a quiet, tree-lined street, the existing structure sits toward the front of the lot, creating a large open backyard ideal for expansion. This layout presents multiple value-add opportunities, whether through the recently expanded state allowances for additional ADUs or through future redevelopment. The property may also be eligible for Executive Directive 1 (ED1), which allows streamlined approvals and significantly increased density for 100% affordable housing projects. All existing leases are on RUBS, enhancing operational efficiency. Conveniently located near Paramount Studios, Melrose Ave, shops, restaurants, and the new Target development at Sunset & Western.
Charming and well-maintained triplex situated on a generous 7,258 sq ft R3 lot in a highly desirable pocket near Larchmont Village. Positioned on a quiet, tree-lined street, the existing structure sits toward the front of the lot, creating a large open backyard ideal for expansion. This layout presents multiple value-add opportunities, whether through the recently expanded state allowances for additional ADUs or through future redevelopment. The property may also be eligible for Executive Directive 1 (ED1), which allows streamlined approvals and significantly increased density for 100% affordable housing projects. All existing leases are on RUBS, enhancing operational efficiency. Conveniently located near Paramount Studios, Melrose Ave, shops, restaurants, and the new Target development...
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