906 Manzanita St, Los Angeles, CA 90029

Property Description

MAJOR VALUE-ADD TRIPLEX WITH TWO VACANT UNITS. Outstanding investor, developer, or owner-user opportunity at 904-906 Manzanita Street. Situated on an approximately 5,645-square-foot LARD1.5 lot, this three-unit property offers substantial renovation, repositioning, and income-growth potential. The unit mix consists of a vacant one-bedroom/one-bath owner unit, a tenant-occupied two-bedroom/one-bath middle unit currently renting for $1,595 per month, and a vacant basement studio with one bathroom. With two of the three units delivered vacant, a buyer has a rare opportunity to renovate and reposition the property while retaining income from the occupied middle unit, subject to applicable laws. Excellent location in a highly desirable and walkable neighborhood near Silver Lake, Los Feliz and East Hollywood. Erewhon Market is within walking distance, along with numerous popular cafes, restaurants, boutiques, shops and everyday conveniences. This property is a major fixer and is being offered for its existing multifamily use, owner-user potential, value-add opportunity and LARD1.5 land. The adjoining fully occupied income property at 905 Sanborn Avenue is under the same ownership and may also be available. The properties have separate APNs and may be purchased separately or together, creating approximately 11,110 square feet of contiguous land with access from both Manzanita Street and Sanborn Avenue. Buyer to independently verify square footage, legal unit count, permits, rents, rent-control status, zoning, basement-studio status and all renovation or development possibilities. Do not disturb occupants or enter the property without being accompanied by the listing agent.