1259 S Orange DR, Los Angeles, CA 90019
1259 S Orange DR, Los Angeles, CA 90019
1259 S Orange DR, Los Angeles, CA 90019
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Lucio Real Estate Group

Lucio Real Estate Group

+1(805) 512-0065
$1,100,000
Est. payment /mo
6,603 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID BB26132383

HOA Y/N No

Year Built 1928

Lot Size 6,603 Sqft

Property Sub-Type Duplex

Property Description

Prime Mid-Wilshire/Wilshire Vista Development Opportunity! Located in one of Los Angeles' most desirable neighborhoods, this LAR2-zoned property offers exceptional investment and redevelopment potential. Existing zoning may accommodate multifamily development, ADUs, or future redevelopment opportunities (buyer to verify with the City of Los Angeles). LAR2 zoning may provide greater flexibility than SB 9, with potential opportunities for Density Bonus or other incentive programs, if applicable. Ideally situated in the sought-after Wilshire Vista/Mid-Wilshire neighborhood, adjacent to Miracle Mile and just minutes from Larchmont Village, Hancock Park, Beverly Grove, West Hollywood, and Koreatown. Enjoy convenient access to premier dining, shopping, entertainment, and major employment centers. Property is subject to the City of Los Angeles REAP Program. One unit is tenant-occupied and will transfer subject to the existing tenancy. The owner-occupied unit will be delivered vacant at the close of escrow. CASH OFFERS ONLY ! Buyer to independently verify zoning, development potential, allowable uses, REAP status, tenancy, and any applicable incentive programs with the City of Los Angeles.

Location

State CA

County Los Angeles

Area C17 - Mid-Wilshire

Interior

Fireplace No

Laundry Inside

Exterior

Parking Features Door-Multi, Driveway, Garage

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Curbs, Sidewalks

Total Parking Spaces 3

Private Pool No

Building

Lot Description 2-5 Units/Acre, Back Yard, Front Yard

Story 2

Entry Level Two

Sewer Unknown

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5084029012

Acceptable Financing Cash, Subject To Other

Listing Terms Cash, Subject To Other

Special Listing Condition Standard

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Listed by Anna Ambarian Christie's RE SoCal 818-331-3621, DRE #01040774

Nearby Locations

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Lucio Real Estate Group
Lucio Real Estate Group

Broker Associate | License ID: 01893011

+1(805) 512-0065

www.LucioRealEstate.com

1000 Town Center Dr #300, Oxnard, CA, 93036, USA

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1259 S Orange DR

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