Description

Rare investment opportunity in West Koreatown/Mid-City, a beautifully maintained 1925 Spanish Revival duplex offering immediate income and meaningful long-term development potential.The property features two well-maintained units, including a 2-bedroom, 2-bathroom unit and a 2-bedroom, 1.5-bathroom unit. The property has been thoughtfully updated, and a new roof was installed in 2026. An existing detached garage structure may also offer additional ADU conversion potential. Zoned R2-1 and TOC Tier 4 eligible, the property may qualify for density bonus incentives, while ADU additions may be exempt from on-site parking requirements. Based on a preliminary architect review, the site may accommodate up to two additional ADUs, with four preliminary development scenarios ranging from a single ADU addition to a two-ADU configuration available for review. These scenarios are illustrative only and have not been verified or approved by the City. Buyer is solely responsible for independently verifying zoning, ADU feasibility, density bonus eligibility, parking, permitting, existing improvements, and all other development requirements with the appropriate governing agencies and buyer's own licensed architect and/or engineer prior to close of escrow. With major improvements already completed, a desirable location, and the potential to expand rental income through additional ADUs, this property offers an attractive combination of current income and long-term value. Contact the listing agent for additional information.