Los Angeles Duplex For Sale: A Golden Opportunity for Developers and Investors
Attention developers and investors! A remarkable property has just hit the market in Los Angeles, offering immense potential for growth and profitability. Situated on a 7500 square foot lot, located in an Opportunity Zone, this property boasts an R4 zoning designation and a Tier 3 Transit Oriented Communities (TOC) Rating. With these exceptional features, the possibilities for development are truly limitless – build up to 18 units or even more!
The property itself is a charming 2-story Victorian house, with an added bonus of a detached single unit at the rear (south) of the lot. This unique configuration provides the flexibility to cater to different living arrangements or rental opportunities. The existing structure has been meticulously maintained, and the owner reports recent upgrades including new electrical, new plumbing, and a new foundation.
One of the standout advantages of this property is the potential for multiple addresses. A city report indicates two addresses, which opens up additional possibilities for rental income or resale value. Additionally, the county land use designation allows for duplex use, enhancing the property’s versatility.
For those looking to invest in a property with significant development potential, this opportunity is truly exceptional. The fact that it will be delivered vacant provides a blank canvas for creative ideas and allows for an expedited timeline for construction or renovation. With the strong demand for housing in Los Angeles, capitalizing on this potential will undoubtedly yield substantial returns.
The location of this property is another attractive feature. Los Angeles is a thriving city, known for its vibrant culture, diverse population, and booming economy. Being situated in an Opportunity Zone offers various tax incentives and benefits for investors, further enhancing the appeal of this investment opportunity.
Given the size of the lot, zoning regulations, and the TOC Rating, the potential for development on this property is massive. With the ability to build up to 18 units or more, developers can take advantage of the growing demand for housing in Los Angeles. The city’s ongoing efforts to address the housing shortage and promote transit-oriented development make this property even more attractive.
Whether you are an experienced developer looking for your next big project or an investor seeking a lucrative opportunity, this Los Angeles duplex for sale is a dream come true. The combination of a spacious lot, favorable zoning regulations, and the property’s current condition provide a solid foundation for a highly successful venture.
5526 Lexington, Los Angeles, CA 90038