List Price: $839K

Listing Status: Active

Days on Market: 1

2 Bedrooms · 1 Bathroom · 1,326 sq ft

Property Type: Residential

Year Built: 1909

Lot Size: 6,877 sq ft

MLS Number: 26102127

About This Property

This is a four-home site in central Los Angeles, delivered vacant and non-RSO. It consists of a 2 bed 1 bath single family residence of 1,326 SF built in 1909, with deferred maintenance, occupied by seller and delivered vacant at closing. Four homes allowed by right. RD1.5 zoning allows one home per 1,500 SF of lot. On 6,875 SF that is four homes, approved through a ministerial CPIO Administrative Clearance when the plans meet the overlay standards. Delivered vacant at close of escrow. The seller moves out before closing, so the buyer takes possession with nobody to relocate. No rent-control strings. The parcel is not subject to the Rent Stabilization Ordinance, with no Ellis Act history, and a vacant delivery means no tenant relocation payments and no Just Cause eviction rules (Buyer to verify). Central location. Arlington Heights sits in Central Los Angeles, about half a mile north of the I-10 freeway, with Downtown, Koreatown, USC and Mid-City within a few miles. Located within a high-quality transit corridor. No historic overlay. No historic preservation overlay zone, HistoricPlacesLA listing or Mills Act contract on the parcel. Similar new product nearby. Four-unit projects of three-story townhomes are the popular new product in the area.

Listing provided by: Darin Spillman DRE #01366902 310-312-1800 darin.spillman@kidder.com, Kidder Mathews of California, Inc.

Source: CRMLS, MLS #: 26102127

The listing office is Kidder Mathews of California, Inc.. Belmont Brokerage Inc. (DRE #02431308) provides buyer representation and consultation. Tour and contact requests go to a Belmont agent.