$ 1,295,000
-
$1,295,000
Price -
22
Bed -
18
Bath -
5,814
SqFt
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About the Listing X77517 - X56153
Lender Owned Property! Rare R4-zoned redevelopment opportunity in the heart of Koreatown and the Mid-Wilshire area. This vacant, fire-damaged, and boarded-up property offers exceptional potential for restoration, conversion, or ground-up construction. The existing physical layout includes 22 rooms and 18 bathrooms, totaling approximately 5,814 sqft. on 8,010 sqft. lot. However, city records reflect 13 bedrooms and 5 bathrooms, and the Buyer is strongly advised to independently verify all permits, room/bath counts, square footage, zoning, and any unpermitted improvements. The property is located in a prime high-density residential zone (R4), allowing for multifamily or mixed-use development an opportunity rarely available in this sought-after Los Angeles location. Enjoy excellent walkability near Wilshire Blvd., shopping, dining, and public transit. The property is also located within the prestigious 3rd Street Elementary School District, adding long-term value and desirability for future redevelopment. All information provided is deemed reliable but not guaranteed by Seller or Brokers. Buyer must conduct a full independent investigation of all permits, records, zoning, square footage, property condition, and all matters related. Seller may consider providing private financing to qualified buyers.
Listing Highlights
Status
Pending
Days on Site
10
Property Type
Residential
MLS ®
25626317
Year Built
1920
Total Square Footage
5,814
Lot/Acreage
0.18
County
Los Angeles
Interior Details
- Bedrooms: 22
- Bathrooms: 18 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 1, Living Room
- Floor: Mixed
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Multi-Level Bedroom,Unfurnished,Living Room
- Water:
Exterior Details
- Lot Description: 5 + Lots,Back Yard,Fenced
- Garage Capacity: N/A
- Lot Dimensions: 50x160
- Zoning: LAR4
- Roof:
- Others: Fixer
- Sewer:
- Parking Features: Driveway
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
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Questions About..
427 S Gramercy Pl Los Angeles, CA 90020
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