25
See all 25 photos
$1,100,000
Est. payment /mo
4 Beds
4 Baths
6,602 Sqft Lot
Active
1259 S Orange Drive Los Angeles, CA 90019
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB26132383
Bedrooms 4
Lot Size 6,602 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Prime Mid-Wilshire/Wilshire Vista Development Opportunity! Located in one of Los Angeles' most desirable neighborhoods, this LAR2-zoned property offers exceptional investment and redevelopment potential. Existing zoning may accommodate multifamily development, ADUs, or future redevelopment opportunities (buyer to verify with the City of Los Angeles). LAR2 zoning may provide greater flexibility than SB 9, with potential opportunities for Density Bonus or other incentive programs, if applicable. Ideally situated in the sought-after Wilshire Vista/Mid-Wilshire neighborhood, adjacent to Miracle Mile and just minutes from Larchmont Village, Hancock Park, Beverly Grove, West Hollywood, and Koreatown. Enjoy convenient access to premier dining, shopping, entertainment, and major employment centers. Property is subject to the City of Los Angeles REAP Program. One unit is tenant-occupied and will transfer subject to the existing tenancy. The owner-occupied unit will be delivered vacant at the close of escrow. CASH OFFERS ONLY ! Buyer to independently verify zoning, development potential, allowable uses, REAP status, tenancy, and any applicable incentive programs with the City of Los Angeles.
Location
State CA
County Los Angeles
Zoning Assessor
Direction San Vicente S. Orange Dr
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5084029012
Acceptable Financing Cash
Listing Terms Cash
Listed by Anna Ambarian, DRE#01040774 Christie's RE SoCal
Co-listed bySarkis Ambarian • Christie's RE SoCal
Co-listed bySarkis Ambarian • Christie's RE SoCal
NEARBY SCHOOL & BUSINESS
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