2011 ARLINGTON Ave, Los Angeles, CA 90018

Property Description

100% VACANT - TRIPLEX RTI FOR 4 UNIT CONVERSION, CAN CONVERT TO 6 UNITS. The front structure was built in 1905 and rear built 1923. The property lot is 7,098 sf R3 zoned. The total building square footage is 3,268; the front is 2,176 sf and the rear is 1,092 sf. The lot has ample space for 7 parking spaces. The current unit mix is front, (2) 3+1 unit and rear (1) 2+1 unit. Current ownership has RTI to convert the property into 4 units with the existing square footage. The rear would become (2) 1+1 units and the front (1) 3+2 (1) 3+1. Another alternative is converting the property into 6 units by using the front as (4) studios and the rear as (2) 1+1. The property has enough parking to cover the 6-unit conversion. This charming property is minutes from the thriving Koreatown, Mid-City, DTLA, and USC. With its high rental income potential, location, and complete vacancy, this property is ideal for an investor or owner-user ready to take on a project and reap the benefits.