Los Angeles Duplex For Sale: An Opportunity Zone Gem for Developers and Investors
A remarkable opportunity awaits developers and investors in Los Angeles with a rare duplex for sale. Situated on a spacious 7500 square foot lot in an Opportunity Zone, this property boasts an R4 lot classification and a Tier 3 Transit Oriented Communities (TOC) Rating. With the potential to build up to 18 units or more, this property offers immense development potential in a highly sought-after location.
The centerpiece of this property is a charming 2-story Victorian house with a detached single unit at the rear, providing an attractive and unique layout. The Victorian house exudes character and showcases architectural details that are sure to captivate buyers. Meanwhile, the detached unit at the rear offers additional flexibility and privacy.
One of the standout features of this property is the presence of only one electric and gas meter, despite the City report indicating two addresses. This streamlined infrastructure is a valuable asset for potential buyers, simplifying utility management and reducing costs.
Furthermore, the county land use classification confirms that the property is deemed suitable for duplex use. This aligns perfectly with the existing structures on the lot and presents an opportunity for buyers to enhance and optimize the property’s potential.
The current owner reports that the property has undergone significant improvements, including new electrical, new plumbing, and a new foundation. These updates provide a solid foundation for future development and ensure a seamless transition for the new owner.
Perhaps the most enticing aspect of this duplex for sale is the fact that it will be delivered vacant. This presents an ideal scenario for developers and investors, allowing them the freedom to execute their vision without the inconvenience and complications of dealing with existing tenants. The property is a blank canvas, ready to be transformed into a lucrative investment opportunity.
With its prime location in Los Angeles and the numerous development possibilities it offers, this duplex is a true gem for developers and investors. The Opportunity Zone designation provides attractive tax benefits, while the R4 lot classification and TOC Rating open the doors to vast development potential. The combination of the Victorian house, detached unit, and the reported improvements make this property an enticing investment opportunity.
If you are a developer or investor seeking a property with substantial development potential, this Los Angeles duplex for sale is an opportunity that cannot be missed. With its sizeable lot, versatile layout, and promising infrastructure, this property has all the ingredients for a successful development project. Act now to secure this incredible investment and embark on a lucrative journey in the heart of Los Angeles.
5526 Lexington, Los Angeles, CA 90038