4602 Council Street

  • Los Angeles

  • $2,200,000
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Residential Income Details

Description
Location ! Location! Location! Investor's dream location in the Hancock Park- Heart of Korea town. It's like a blank canvas for renovation-minded investors or condo developers.Remodel or Redevelop to attract to wanna be movers into this hip vibe neighborhood for its convenience,cultural diversity.Transportation, School, Market,Restaurants,Cafes ...all in walking distance. Grab the chance to join numerous construction projects in this rocketing highly in- demand area. Asking Price $500,000+ less than County Assessed Value(as of June 2017, assessed over $2.77 Mil.) for quick and hassle-free transaction. Only $254/SqFt. (Area comps $493/SF) Absolute AS-IS, WHERE-IS sale. Average unit size is larger than 1,000 SF. R3 zone -Tier 3 allows maximum 17 units development potential. Long term tenants pay below market rent. Property shall be delivered with all tenants. Interior inspections only for accepted offers. Please do NOT disturb or approach occupants.
Essential
MLS #18379944
Price$2,200,000
Number of Units8
Sale TypeStandard
StatusPending
Listing BrokeragePrime Properties
Listing AgentJoyce Lee
Listing Agent BRE #01055795
Interior
AppliancesGarbage Disposal,Gas Water Heater
CoolingWall Window
Exterior
Garage Spaces8
Community
AreaHPK - Hancock Park
Address4602 Council Street
CityLos Angeles
CountyLos Angeles
StateCA
ZipCode90004
School

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Based on information from California Regional Multiple Listing Service, Inc. as of Wednesday, September 19, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.