2885 Francis Avenue
2885 Francis Avenue
$1,995,000
12
8
5,846
5,846
$341
Description
We are pleased to offer for sale a 4-Unit apartment building located in the highly sought-after neighborhood of Koreatown LA. The subject property is located on the corner of South Westmorland Ave and Francis Ave, just minutes to the new Zion Korean market and MacArthur Park. Situated on a HUGE lot of 8,060 sq. ft. and 5,846 sq. ft. of interior space is zoned for R4-2 TOC Tier 3 with ability to build 21-unit condo (FULLY-ENTITLED!). The new owner has the ability and option to add two ADU's for a...We are pleased to offer for sale a 4-Unit apartment building located in the highly sought-after neighborhood of Koreatown LA. The subject property is located on the corner of South Westmorland Ave and Francis Ave, just minutes to the new Zion Korean market and MacArthur Park. Situated on a HUGE lot of 8,060 sq. ft. and 5,846 sq. ft. of interior space is zoned for R4-2 TOC Tier 3 with ability to build 21-unit condo (FULLY-ENTITLED!). The new owner has the ability and option to add two ADU's for a two-bedroom and one-bedroom unit.
- Listed by John C. Pak • DRE #01898649 • Brokerage DRE #01417948 • Philco Realty
Property Details for 2885 Francis Avenue
Zoning
R4-2
Parcel Number5077022015
Total Units4.0
Living Area5846
Source Living AreaVendor Enhanced
AreaMid-Wilshire (C17)
Vacancy Rate0
Lot Size Area8057
Location
LISTING UPDATED: 04/29/2024 02:35 PM
Property Details for 2885 Francis Avenue
Status | Active |
---|---|
MLS # | 23-321211 |
Days on Market | 170 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1917 |
Lot Size | 0.18 AC / 8,057 SF |
County | Los Angeles County |
Location
Building Information for 2885 Francis Avenue
Stories2Residences-Year Built1917Building Size-Lot Size0.18 AC / 8,057 SF
Payment Calculator
$12,520 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 2885 Francis Avenue
Property History for 2885 Francis Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2885 Francis Avenue
Taxable ValueLand$1,300,500Additions$260,100Total$1,560,600
Tax Record2023$19,584 ($1,632 / month)
Home Facts
Total Finished SqFt5,846 SqFtAbove Grade Finished SqFt5,846 SqFtLot Size8,057 SqFtStyleQuadraplexYear Built1917ZoningLAR4CountyLOS ANGELESAPN5077-022-015
Schools near 2885 Francis Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Hoover Street Elementary School PublicK to 5 | ||
Berendo Middle School Public6 to 8 | ||
Young Oak Kim Academy Public6 to 8 | ||
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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