This is a unique opportunity to buy a triplex in high-in-demand Westchester, with 2 of 3 units delivered vacant. Located on a large 12,929 SF lot that's zoned LAR3, there's even more development potential as the Seller owns and is selling 1.49 acres of vacant land located directly behind 5400 Thornburn Street for $850,000. The triplex and vacant land can be sold together or separate, and Seller Financing may be available for both. Tenants are centrally located near the 405 Freeway Entrance/Exits and Metro Lines, and just minutes away from SoFi Stadium, Intuit Dome, Hollywood Park Casion, The Forum, Playa Vista, Kenneth Hahn, and much more. The next owner can consider doing a lot line adjustment between the triplex and vacant land to connect the two and create a large parcel assemblage for re-development. There are 3 on-site garages that can be explored converting into a large ADU to turn the triplex into 4 units and add substantial income. Tenants pay for gas, electricity and trash, and Landlord pays for water & sewer.
MLS# | 23330081 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active Under Contract |
Year | 1950 |
Days On Site | 466 |
Listing Provided By | Avenue Realty Group 310-310-8624 | Jonathan Rawson |
Bed(s) | 4 |
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Bath(s) | 3 |
SQ Feet | 2,087 |
Story(s) | 1 |
Units | 3 |
Building(s) | 2 |
Zoning | LAR3 |
Acreage | 0.30 |
State | CA |
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County | Los Angeles |
City | Los Angeles |
Zip Code | 90045 |
Area | C29 Westchester |
Listing VS Median (in 90045) | |
Price: $1,150,000 low | high Med: $1,669,500 SqFt: 2,087 low | high Med: 1,738 $ / SqFt: $551 low | high Med: $967 On Site: 466 low | high Med: 31.500000 |