$ 660,000
-
$660,000
Price -
3
Bed -
1
Bath -
1,880
SqFt
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About the Listing PF5333 - P16588
Prime Developer / Investor Rehab Opportunity! Rare duplex with two separate structures, a 1922 front home and a 1962 rear unit, set on a 7,280 sq ft LCR2-zoned lot in a stable, high-demand East Los Angeles area near Downtown. The property is in major disrepair and requires a full overhaul, making it best suited for cash buyers, builders, or seasoned investors looking for a ground-up renovation or redevelopment project. Favorable R2 zoning on a deep lot offers compelling potential for added density, including the possibility of up to two additional ADUs (buyer to verify with the City), creating a strong path to future income and value. A long driveway with multiple parking spaces supports multi-unit use, and the site benefits from quick access to major freeways (5, 10, 60, 710), and nearby employment centers. For those ready to take on a serious rehab in a high-demand area, this property delivers the scale, zoning, and location to justify a substantial repositioning.
Listing Highlights
Status
Active With Contingency
Days on Site
38
Property Type
Multi-Family
MLS ®
P1-26010
Year Built
1922
Total Square Footage
1,880
Lot/Acreage
0.17
Interior Details
- Bedrooms: 3
- Bathrooms: 1 Full
- Appliances: Gas Range
- Air Cond:
- Heating:
- Fireplaces:
- Floor: Tile
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: All Bedrooms Down
- Water: Public
Exterior Details
- Lot Description: Sprinklers None,No Land Lease
- Garage Capacity: 1 car
- Parking Spaces: 3
- Roof:
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5231019017
- Tax Year: N/A
Payment Calculator
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Questions About..
923 N Alma Ave Los Angeles, CA 90023
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