Los Angeles Duplex For Sale: Calling All Developers and Investors!
Are you on the lookout for a golden opportunity to make a significant investment in the real estate market? Look no further! A remarkable Los Angeles duplex is up for sale, boasting an impressive 7,500 square feet lot in an Opportunity Zone. This property is a dream come true for developers and investors seeking to maximize their returns.
Located in an R4 zoned area with a coveted Tier 3 TOC Rating, this duplex offers immense potential for future development. With the ability to build up to 18 units or more, the possibilities are endless. Imagine the returns you could achieve by capitalizing on the demand for housing in one of the most sought-after cities in the world.
The property itself features a charming 2-story Victorian house, exuding classic architectural elegance. To sweeten the deal, there is also a detached single unit at the rear of the lot, providing additional space and versatility. This configuration allows for various options when it comes to rental income or potential resale.
Upon closer inspection, you’ll discover that the property boasts one electric and gas meter. The city report indicates two official addresses, indicating the county’s recognition of the duplex use. This is a significant advantage for potential investors, as it eliminates any ambiguity regarding the property’s zoning and usage.
Furthermore, the current owner has taken great care in maintaining the property, with recent updates to the electrical, plumbing, and foundation systems. This ensures that you will be acquiring a property with solid infrastructure and minimal immediate maintenance needs. The duplex will be delivered vacant, providing a blank canvas for your creative vision.
The true allure of this Los Angeles duplex lies in its enormous development potential. With the ever-increasing demand for housing in the city, investing in this property is a strategic move that promises substantial returns. Whether you choose to construct a multi-unit complex or explore other possibilities, the choice is yours to make.
Moreover, as this property falls within an Opportunity Zone, it offers additional tax benefits and incentives for investors. This advantageous designation aims to stimulate economic growth in distressed communities, making it an even more attractive investment opportunity.
Don’t miss out on this chance to secure a prime piece of Los Angeles real estate. With its expansive lot size, R4 zoning, Tier 3 TOC Rating, and exceptional development potential, this duplex is a game-changer for developers and investors alike. Seize this opportunity and pave the way for a lucrative investment in the thriving Los Angeles market. Act now, as opportunities like this are few and far between!
5526 Lexington, Los Angeles, CA 90038