Property Detail

1216 Westmoreland

Los Angeles CA 90006

$2,990,000

Status: Active

Property Details

Description

Attention to all investors, the property consists of large 11,704 square foot zone LAR4 which gives a lot of development value in booming Koreatown. Located in Koreatown which is known for the fast developing opportunities and its close proximity to Downtown, Hollywood, Wilshire/Vermont Metro Subway Station, The Grove makes it easy for many attractions. Easily accessible by 10 Fwy 110Fwy. The existing 4plex structure consists of 7 bedroom, 5 bathroom and 4619 square foot living spaces built in 1936. 1 of the unit is currently occupied by a tenant, 1 unit occupied by owner and 2 units are VACANT. Active developer must acquire proper development plans, permit and evict current tenants. Buyer and Buyers agent are responsible for verifying the accuracy of all information and do their own due diligence and independently verify all information.

Map Location

Listing provided courtesy of Sung Oh of Real Estate eBroker Inc.. Last updated 2024-11-25 09:11:28.000000. Listing information © 2024 CRMLS.

John Collins

John Collins

DRE# 01948188
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