Los Angeles Duplex For Sale: An Unparalleled Opportunity for Developers and Investors
Attention all developers and investors! A golden opportunity awaits in the heart of Los Angeles. A sprawling 7500 square foot lot, conveniently located in an Opportunity Zone, is now available for sale. With an R4 zoning and a Tier 3 Transit Oriented Communities (TOC) rating, this property offers immense potential for those with a vision for growth and expansion.
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The property features a charming 2-story Victorian house, exuding timeless elegance and character. Additionally, a detached single unit is situated at the rear (south) of the lot, offering additional possibilities for rental income or creative utilization. The city report indicates two addresses, corroborating the county’s duplex land use classification.
The current owner has made significant updates to the property, ensuring a smooth transition for the future owner. New electrical wiring, modern plumbing, and a sturdy foundation have been installed, offering peace of mind and reducing the need for immediate renovations. Furthermore, the property will be delivered vacant, providing a blank canvas for your ambitious development plans.
The true allure of this property lies in its enormous development potential. With an R4 zoning, the opportunity to build up to 18 units or more presents itself. Los Angeles is a thriving metropolis with a constant demand for housing, and this property perfectly positions you to meet that demand. Whether you choose to construct luxury apartments, stylish condominiums, or cater to a specific niche, this property offers a wealth of possibilities.
The location of this Los Angeles duplex further adds to its appeal. Situated in a prime area, it offers easy access to major transportation routes, schools, shopping centers, and recreational facilities. Los Angeles is a city that never sleeps, and with its vibrant culture, diverse population, and thriving job market, your investment is sure to flourish.
Moreover, the property’s inclusion in an Opportunity Zone provides additional incentives for potential investors. Designed to stimulate economic growth in underserved areas, Opportunity Zones offer tax benefits and capital gains deferrals, making this investment even more lucrative.
Now is the time to seize this unparalleled opportunity. Los Angeles is a city that continues to expand and evolve, and this duplex offers a chance to be at the forefront of its growth. With its exceptional location, substantial lot size, and the prospect for significant development, it is an investment that promises great rewards.
Don’t miss out on this rare gem. Contact us today to learn more about this Los Angeles duplex for sale and embark on a journey towards a lucrative future in real estate development.
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