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517 West 117th Street

Los Angeles CA 90044

12
12
12
5208 sq. ft.
15311 sq. ft.
Other
Currently for sale - view listing

Overview

We are pleased to offer for sale 517 West 117th Street, a six-unit apartment community located in South Los Angeles, alongside the 105 Freeway.Built in 2007, the property is comprised of six two-bedroom / one-and-a-half-bath townhome-style units, each featuring in-unit washer/dryer hookups (one unit includes a washer/dryer) and assigned, gated parking. Situated on a generous 15,311-square-foot lot, the property is improved with a 5,208-square-foot building, leaving substantial excess land that may offer additional development potential. One option may be to add six ADUs, offering an opportunity to expand density, income, and long-term value.Beyond the existing improvements, the property's C2-2D-CPIO zoning and Tier 4 TOC designation present significant redevelopment potential. Based on the 15,311 SF lot, the property may support over 70 units by right without the use of ED1 offering a compelling long-term development opportunity.517 West 117th Street offers investors the opportunity to acquire a newer construction multifamily asset with the potential to increase density in a well-located infill pocket of South Los Angeles. The property provides immediate access to the 105 Freeway and is conveniently situated near a wide range of retail amenities and daily services.PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.

Features

12 bedrooms
12 bathrooms
12 carspaces
5208 sq. ft. floor area
15311 sq. ft. lot size
Other

Property history for 517 West 117th Street

2017
Sold
$1,185,000
26 Jul 2017 by Lu Wang, of United Real Estate Los Angeles

Happy sellers in Los Angeles

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Local market activity for 12 bedroom other properties in Los Angeles

In the last 12 months, 2 numeral.12-bedroom other properties similar to 517 West 117th Street, have been sold.

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