4733 St Elmo Drive

Los Angeles CA 90019

9035.1 sq. ft.

Duplex

Currently for sale - view listing

Overview

Incredible Development Opportunity in Mid-City!Attention all developers! Here's your chance to seize an exceptional opportunity with the purchase of two prime lots in Mid-City. These lots boast generous dimensions, with one measuring 4, 570.5 SF and the other 4, 464.6 SF, combining to create an expansive 9, 035.1 SF. Zoned RD1.5-1, and strategically positioned on a corner lot, this property is an ideal match for affordable housing initiatives.Currently featuring three separate buildings, the existing structures include a 4 Bed / 1 Bath unit and two 1 Bed / 1 Bath units. All units will be delivered vacant upon purchase. Please be mindful not to disturb occupants.Excitingly, the seller has already submitted plans for the addition of three more units and two ADUs (Accessory Dwelling Units). There is significant potential to construct approximately 120 affordable housing units, though it is advised that the buyer verifies this information independently.This is a rare chance to secure a significant investment in a burgeoning area. Don't miss out on the opportunity to be part of the growth and development of Mid-City. Contact us now to schedule a viewing and explore the potential of this prime property!

Features

6 carspaces

4 garage spaces

9035.1 sq. ft. lot size

Duplex

Property history for 4733 St Elmo Drive

2022

Sold

$1,450,000

26 Jan 2022 by Azita Mohasseb, of Keller Williams Beverly Hills

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