$839,000

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.