Los Angeles, CA 90004 4843 Rosewood Avenue
$999,500
33 more
Presented By: Vinnie Park with Keller Williams Larchmont;
Home Details
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.
Presented By: Vinnie Park with Keller Williams Larchmont;
Interior Features for 4843 Rosewood Avenue
Bedrooms
Total Bedrooms6
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths3
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Total Stories2
General for 4843 Rosewood Avenue
Additional Parcels Y/NNo
AppliancesRefrigerator
Attached Garage No
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
Days on Market117
DirectionsOn Rosewood, West of Western
Facing DirectionSouth
Full Baths
Garage Y/NNo
Gross Income0.0
HeatingWallFurnace
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet7260.0
Lot Size UnitsSquareFeet
MLS AreaC18 - Hancock Park-Wilshire
MobileHomeRemainsYNNo
Net Operating Income0.0
New ConstructionNo
NumberOfUnitsTotal3
Occupancy TypeTenant
Open Parking Spaces6.0
Private PoolNo
Property TypeResidentialIncome
Rent Control Y/NNo
Security FeaturesCarbonMonoxideDetectors, FireDetectionSystem, FireSprinklerSystem, SmokeDetectors
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
View Y/NNo
Waterfront Y/NNo
Year Built1911
ZoningLAR3
Exterior for 4843 Rosewood Avenue
Building Area Total1984.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions50x145
Lot Size Acres0.1667
Lot Size Area7260.0
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesAssigned
SpaNo
Total Parking6.0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480