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965 Dewey Ave, Los Angeles, CA, 90006

3beds
2baths
1,772sqft
$1,290,000
$728price/sqft
$8,476/moest. monthly cost
$339,040/yrincome needed

About This Home

EXCELLENT REDEVELOPMENT POTENTIAL WITH STRONG INCOME PROFILE! This Koretown property is zoned R-4 and located within a TOC Tier-3 transit incentive area, offering significant development value near major transit routes. Currently generating $55,380 in gross annual rental income, making it a smart "hold-while-you-plan" opportunity - cash flow positive during entitlement and pre-development phases. With R-4 zoning and Tier-3 incentives near public transit, this site presents an attractive hold-and-develop investment. Seller is MOTIVATED & OPEN to discussions, with a positive intent to sell. Serious and well-qualified inquireis and offers are welcomed!

Getting Around

95
WalkingWalker's Paradise
73
TransitExcellent Transit
67
BikeBikeable

Construction

Condition

  • Year built: 1923

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2

Heating & Cooling

  • Heating features: Other
  • Cooling features: Air Conditioning

Interior Area

  • Total structure area: 1,772
  • Total interior livable area: 1,772 sqft

Property

Details

  • Parcel number: 5078005006
  • Zoning: LAR4
  • Special condition: Standard
  • Other equipment: Other

Features

  • Levels: One

Lot

  • Lot size: 5,915 sqft

Parking

  • Parking features: Assigned