Description

VACANT AT CLOSE OF ESCROW! Exceptional opportunity to acquire a fully vacant duplex in the heart of Koreatown, offering immediate flexibility for investors, owner-users, and developers alike. Situated on a generous 6,231 sq ft lot, 4504 & 4506 W Maplewood Ave features two well-maintained units with significant income and development potential.The front residence offers approximately 1,300 square feet with 2 bedrooms and 2 bathrooms, featuring spacious living areas, abundant natural light, and functional living spaces. The rear residence is approximately 800 square feet and also includes 2 bedrooms and 2 bathrooms, providing an ideal layout for rental income, multigenerational living, or an owner-user seeking supplemental income.One of the property's most attractive features is that it will be delivered completely vacant, allowing the next owner to lease both units at market rents, occupy one or both units, renovate and reposition the asset, or pursue redevelopment opportunities from day one. The detached garage presents excellent ADU conversion potential for additional income, while the large lot may offer future expansion or development possibilities for those looking to maximize the property's value.Located on a quiet residential street in one of Los Angeles' most sought-after rental markets, the property is surrounded by an incredible collection of restaurants, cafes, and neighborhood amenities. Enjoy easy access to Koreatown's renowned dining scene, including popular Korean BBQ destinations, trendy cafes, bakeries, and nightlife. Nearby Larchmont Village offers charming boutiques, restaurants, and coffee shops, while Downtown Los Angeles, Hollywood, and Hancock Park are just minutes away.Conveniently positioned near major transportation corridors, Metro stations, and employment centers, this location continues to attract strong tenant demand and long-term appreciation. Whether you're seeking a value-add investment, an owner-user opportunity, an ADU project, or a future development site, this vacant duplex offers endless possibilities in one of Los Angeles' most vibrant and centrally located neighborhoods.