RAMPART LOS ANGELES, CA 90057

Features

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Facts

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Sale Type

This property is offered for sale with Owner Financing available. With Owner Financing, owners can offer flexible terms which allow buyers to purchase property without a traditional bank loan. This leaves more room for negotiation on loan terms and approvals.

Description

Beautiful craftsman home in Rampart Village brimming with potential! Only ~$450/sf on current asking price. The house has been run as a travel agency over the years and is ready to make your own! 4 bed/2 bath home filled with beautiful woodwork and craftsmanship. Home needs some TLC. Alternatively, the lot presents an excellent (ED 1) Executive Directive 1 development opportunity for an astute developer. Zoned R4-1, TOC Tier 2, the subject property is situated on a 7,000 sqft lot in close proximity to Downtown LA, Koreatown, Echo Park, Silver Lake & the 101/110 Freeways. Take advantage of the ED 1 fully affordable program, which provides for expedited processing, higher density, and reduced setbacks through the ED1 Ministerial Approval Process OR build up to 36 units using TOC Tier 2 Incentives + ADU's. The subject property is single family home that will be delivered vacant = no tenant relocation required or RSO! Lots of new development in this pocket. Do not miss this opportunity to build in a high rental demand area of Los Angeles that is undergoing significant growth. Seller financing available!! Contact listing agent for more details or to schedule a showing.