Price Reduced! Motivated Seller - all offers encouraged. This triplex sits on an 8,200+ sq. ft. LAR3-zoned lot, offering multiple exit strategies for investors, developers, and value-add buyers. Located minutes from Downtown Los Angeles, East LA, USC Medical Center, I-10, I-5, Harbor 110, Glendale Hwy 2 and Pomona Hwy 60 freeways. Property includes three addresses: 2215, 2217, and 2217½. The front residence is a 3-bedroom unit with gated parking. The rear features two additional 2-bedroom, 1-bath units, each with separate parking and individual electrical meters. All units are in need of repair, presenting a strong upside for renovation, repositioning, or redevelopment. LAR3 zoning may allow for future expansion or a larger multi-unit build-ideal for investors seeking density and long-term appreciation. Property is sold AS IS, with no warranties or representations. Buyer to independently verify all aspects of the property, including zoning, permits, use, square footage, occupancy, and development potential. Seller currently in default. Excellent short-sale opportunity for the serious investor. No reasonable offer will be turned away.
| MLS # | CV26212919 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1912 |
| Days On Site | 30 |
| Listing Provided By | CALIFORNIA HOME REAL ESTATE SERVICES | Jonathan Samuels |
| SQ Feet | 2,250 |
|---|---|
| Story(s) | 2 |
| Units | 3 |
| Building(s) | 2 |
| Acreage | 0.19 |
| Cooling | Wall Window Units |
|---|---|
| Heating | None |
| Heating Yes / No | No |
| Cooling Yes / No | Yes |
| Appliances | Gas Oven, Gas Range, Water Heater |
| Fireplace Yes / No | No |
| Roof | Tile |
|---|---|
| Construction Materials | Stucco |
| Lot Features | Zero To One Unit Acre |
| Parking Features | Driveway Up Slope From Street |
|---|---|
| Garage Yes / No | No |
| Utilities | Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Electric | Electricity On Property |
| Sewer | Public Sewer |
| Community Features | Storm Drains, Street Lights, Sidewalks |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90031 |
| Area | 677 Lincoln Hts |
| Listing VS Median (in 90031) | |
Price: $850,000 low | high Med: $793,000 sqft: 2,250 low | high Med: 1,630 $ / sqft: $378 low | high Med: $495 On site: 30 low | high Med: 153 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90031 |
| Area | 677 Lincoln Hts |
| Listing VS Median (in 90031) | |
Price: $850,000 low | high Med: $793,000 sqft: 2,250 low | high Med: 1,630 $ / sqft: $378 low | high Med: $495 On site: 30 low | high Med: 153 | |