3823 Wisconsin,Los Angeles, CA 90037
Los Angeles, CA 90037
Description
Discover an incredible opportunity with this delightful 8-unit complex, showcasing stunning Mid-Century modern architecture in a highly sought-after area. Ideally situated within walking distance to USC and the Lucas Museum, this property is just a stone's throw from the Expo Center and the Los Angeles Memorial Coliseum. Its prime location makes it exceptionally well-suited for student housing, while the potential for increased rental income is undeniable. The thoughtfully designed unit mix features (7) 2-bedroom, 1-bathroom units and (1) 1-bedroom, 1-bathroom unit, catering to a diverse tenant base. Key updates include copper plumbing, a new electric motor on the security gate, and modern vinyl windows that enhance both security and energy efficiency. The seismic retrofit work has been completed, ensuring peace of mind for future occupants. Currently, the property offers parking for 8 vehicles, with the potential to expand this capacity or add an ADU. Its desirable LAR3 zoning and TOC Tier 4 designation present exciting development possibilities, allowing for the conceptual addition of up to 18 units "By Right" (subject to city verification). Don't miss out on this remarkable investment opportunity in one of Los Angeles's most sought-after neighborhoods! Call now to explore the potential of this property and secure your future.
Details
| MLS # | CV26193897 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1961 |
| Days On Site | 52 |
| Listing Provided By | Remax Alliance Group | Daria Cernavskis |
Features
| SQ Feet | 5,508 |
|---|---|
| Car Port | Yes |
| Story(s) | 2 |
| Units | 8 |
| Building(s) | 1 |
| Acreage | 0.18 |
| Property View | None |
Interior
| Cooling | None |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Fireplace Yes / No | No |
Exterior
| Roof | Composition |
|---|---|
| Security Features | Carbon Monoxide Detectors, Smoke Detectors |
| Foundation Details | See Remarks |
| Lot Features | Six To Ten Units Acre |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Biking, Dog Park, Street Lights, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90037 |
| Area | C42 Downtown L.A. |
| Listing VS Median (in 90037) | |
Price: $2,100,000 low | high Med: $815,000 sqft: 5,508 low | high Med: 1,748 $ / sqft: $381 low | high Med: $466 On site: 52 low | high Med: 243 | |
Market Activity 90037
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90037 |
| Area | C42 Downtown L.A. |
| Listing VS Median (in 90037) | |
Price: $2,100,000 low | high Med: $815,000 sqft: 5,508 low | high Med: 1,748 $ / sqft: $381 low | high Med: $466 On site: 52 low | high Med: 243 | |
