226 Crandall St

Westlake North, Los Angeles, CA 90057

$999,999
Land

AGENTS

Douglas Elliman
Douglas Elliman
Source of Data:
California Real Estate Technology Services

Property Description

Have you been seeking a versatile commercial property with an ideal location in Central Los Angeles and multiple exit strategies? Look no further! Conveniently situated in the highly sought-after area of Koreatown only minutes from desirable amenities, this vacant, two-unit duplex is the ideal property for an owner/landlord or an investor seeking a tear-down opportunity for new construction. Explore the duplex to find one, 1BR/1BA unit build in 1946 and one, 2BR/1BA unit build in 1983. Surrounded by neat landscaping, the structure features a stucco exterior, Spanish architectural elements, and multiple outdoor spaces for entertaining and BBQs. Offering the opportunity for customization, both well-loved and semi-incomplete interiors include an openly flowing floorplan, tons of shimmering natural light, various attractive flooring (tile/faux wood/etc.), a large living room, and a spacious eat-in kitchen with gas cooking, ample cabinetry, and plenty of countertop space. The front unit boasts one extra-large bedroom and a full bathroom, while the back-unit impresses with two well-sized bedrooms and a full bathroom. Investors who are seeking an excellent location for a new structure, this location allows for up to 12 residential units. Create luxe new rentals and bask in the fabulous population of approximately 130,000 with a terrific annual income of $78,056 (average HH income)! Being immersed in the West Lake area, you also gain the advantage of over 95% of Westlake's residents renting, instead of owning their homes. Catering to multiple generations of exciting potential tenants, this location is only minutes from an array of grocery stores, trendy restaurants, entertainment venues, fun bars/pubs, Dodger Stadium, Metro Purple Line (extension planned by 2024), and Walt Disney Concert Hall. Whether you are seeking to settle in or build up, this unusual property delivers much-needed flexibility. Get all the advantages of this incredibly rare investment opportunity and call now for your private tour!
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PROPERTY DETAILS

  • Exterior
    .15 Acres
  • Property Type
    Land
  • MLS/Listing ID
    22-199329
  • Days On Market
    131

BUILDING/PROPERTY DETAILS

  • City View
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Listing Courtesy of Keller Williams Beverly Hills, Jacob Kesherim - 01928381 - 310-432-6471