254 S Alexandria Ave, Los Angeles, CA 90004

OPPORTUNITY ZONED! ALL UNITS TO BE DELIVERED VACANT. First time on the market in 43 years! Well maintained charming Colonial style 4 plex in Koreatown on a quiet tree lined street. Good mix of Large 2 bedrm and 1 bedrm units which have potential to renovate to even 3 bedrms and 2 bedrms each by reorganizing the big 1150 sq space per unit. Laundry rm area available in each unit, separately metered, secured gate entry with plenty of parking space for the tenants. It is the perfect opportunity for owner-user or investor looking for value add. Massive 8700 sq ft lot also calls for all developers attention! Clean R3-1 lot NOT in Specific Plan Area, with potential to build 11 units by right and up to 16 units using TOC Tier 1 guidelines. Located right in between Beverly Hills & DTLA, especially at the heart of vibrant Koreatown that has one of the lowest vacancy rates in the County.