729 WITMER ST Los Angeles, CA 90017

We are pleased to present for sale an amazing opportunity to purchase a duplex just minutes away from LA Live & Downtown LA! The duplex consists of two 1 bd/1 ba units, totaling around 1,506 sqft. Both units are currently tenant occupied with both tenants current on their rent. Tremendous VALUE ADD opportunity with over 50% upside in rents!!!! The duplex is situated on a spacious 6,625 sqft lot zoned R3 TOC Tier 1, meaning a developer may build 8 units by right or up to 14 units with TOC incentives. Another option may be to keep the existing duplex and add 2 ADU's in the rear of the lot. Low price per point for the area, excellent for first time buyers, owner users, or ADU builders! Super close to shopping, restaurants, transportation, and much more that Downtown LA & LA Live have to offer its tenants. Do not disturb current occupants. Buyer to cooperate with seller's 1031 exchange at no cost to buyer. Buyer to verify all zoning regulations with LADBS. Contact listing agents for more details!