2885 Francis Avenue Los Angeles, CA ^$ 1,995,000

2885 Francis Avenue

^$ 1,995,000

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2885 Francis Avenue

Los Angeles, CA, 90005

^$ 1,995,000

Bedrooms12 Baths8.0 Sq 5,846

Monthly Estimate*

^$ 13,936

Listed by Philco Realty

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Multi-Family Home for sale in Los Angeles, CA

for $1,995,000 with 12 bedrooms and 8 full baths. This 5,846 square foot home was built in 1917 on a lot size of 0.185.

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.

Multi-Family Active

Price

^$ 1,995,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.185

Year Built

1917

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

23321211

Days on Market

184

Features

General

Zoning R4-2

Year Built 1917

Stories 2

Levels Two

Gross Income 0.0

County Los Angeles

Net Operating Income 0.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions Corner of South Westmoreland Aveue & Francis Avenue

City Los Angeles

View Y/N N

Senior Community Y/N N

Total Units 4

MLS Area C17 - Mid-Wilshire

Lot Size Square Feet 8057.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Francis

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 162

Standard Status Active

Occupancy Description Tenant

Exterior

Parking Features None

Total Parking 10.0

Lot Size Area 8057.0

Number of Buildings 1

Spa N

Building Area Total 5846.0

Lot Size Acres 0.185

Lot Size Units SquareFeet

Lot Size Source Assessor

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Avenue

Total Bedrooms 12

Electric On Property Y/N N

Total Baths 8

Internal Only

Street Number 1 2885

* Excluded Features

List By

Philco Realty

Broker

(213) 219-7676

Phone

Affordability Calculator

$13,936

Per Month

Monthly Principal & Interest: $13,936
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,990,464

Percent of Sale Price 0%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

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Pricing History

Date	Price	Price Change	Description
4/26/2024	$1,995,000	-9.32%	Price Down
11/7/2023	$2,200,000		Listed Price

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2885 Francis Avenue, Los Angeles, CA, 90005 is a Multi-Family Home for sale at $1,995,000 with 5,846 sqft and a lot size of 0.185. 2885 Francis Avenue has 12 bedrooms, 8.0 baths, and was built in 1917. The property's zip code is 90005 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/8/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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2885 Francis Avenue

Multi-Family Home for sale in Los Angeles, CA

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