Active
4843 Rosewood Ave
Los Angeles CA, 90004
$999,900
$503.98 per sqft
Active
6 Beds
1,984 sqft
Residential
Built in 1911
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.
24-381827
MLSⓇ ID
April 18, 2024
Listed
April 26, 2024
Updated
Map
4843 Rosewood Ave
Los Angeles CA, 90004
Interior Features
Total Stories
2
Bedrooms
6
Appliances
Range/Oven, Refrigerator
Fireplace
No
Cooling
Yes
Cooling Description
Air Conditioning
Heating
Yes
Heating Description
Wall
Exterior/Building Features
Lot Size
0.17 Acres
Other Property Details
Area Name
Hancock Park-Wilshire
Days on Market
8
Garage
No
Parking
Assigned
Parking Total
6
View
No
County
Los Angeles
Pool
No
Zoning
LAR3
Listed by Vinnie Park with Keller Williams Larchmont
Listing Contact: 213-332-9045
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Hollywood Estates shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 4/26/2024