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Listed by Anna Ambarian, DRE #01040774 • Christie's RE SoCal
$ 1,100,000
Est. payment /mo
New
1259 S Orange DR Los Angeles, CA 90019
6,602 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRBB26132383
Year Built 1928
Lot Size 6,602 Sqft
Property Sub-Type Duplex
Source California Regional MLS
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
Laundry Other
Exterior
Parking Features Garage, Other
Garage Spaces 3.0
Pool None
Building
Sewer TBD
Water District - Public
Others
Tax ID 5084029012
Special Listing Condition Not Applicable
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