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4843 Rosewood Ave, Los Angeles, CA 90004

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For Sale

$999,900

6 beds • 1,984 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $503.98
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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.
MLS# 24-381827

Courtesy Of Keller Williams Larchmont

(323) 762-2600

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Lot Size
    0.17 Acres
  • Roof Type
    Unknown
  • Rooms
    Bedroom

Map and Directions

Directions to 4843 Rosewood Ave, Los Angeles, CA 90004

Home seller CENTURY 21 Cornerstone

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Cornerstone

(562) 698-0348
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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