517 W 117th St, Los Angeles, CA 90044
517 W 117th St, Los Angeles, CA 90044
517 W 117th St, Los Angeles, CA 90044
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$1,700,000
Est. payment /mo
12 Beds
12 Baths
5,208 SqFt
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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,208 sqft

Price per Sqft $326

MLS Listing ID 26840523

Bedrooms 12

Year Built 2007

Lot Size 0.351 Acres

Acres 0.351

Property Sub-Type Multi-Family

Property Description

We are pleased to offer for sale 517 West 117th Street, a six-unit apartment community located in South Los Angeles, alongside the 105 Freeway.Built in 2007, the property is comprised of six two-bedroom / one-and-a-half-bath townhome-style units, each featuring in-unit washer/dryer hookups (one unit includes a washer/dryer) and assigned, gated parking. Situated on a generous 15,311-square-foot lot, the property is improved with a 5,208-square-foot building, leaving substantial excess land that may offer additional development potential. One option may be to add six ADUs, offering an opportunity to expand density, income, and long-term value.Beyond the existing improvements, the property's C2-2D-CPIO zoning and Tier 4 TOC designation present significant redevelopment potential. Based on the 15,311 SF lot, the property may support over 70 units by right without the use of ED1 offering a compelling long-term development opportunity.517 West 117th Street offers investors the opportunity to acquire a newer construction multifamily asset with the potential to increase density in a well-located infill pocket of South Los Angeles. The property provides immediate access to the 105 Freeway and is conveniently situated near a wide range of retail amenities and daily services.PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.

Location

State CA

County Los Angeles

Area Metropolitan Southwest

Zoning C2-2D-CPIO

Rooms

Other Rooms None

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Uncovered

Garage Spaces 12.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard


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TheMLS (CLAW)
Listed by Marcus & Millichap

NEARBY SCHOOL & BUSINESS

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Name

Phone*

Phone

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Message
Kirshner Elkin Properties

+1(424) 214-0133

hello@kirshnerelkinproperties.com

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