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

Studio Baths0.0 Sq 5,846

Monthly Estimate*

^$ 13,936

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Studio

Multi-Family Home for sale in Los Angeles, CA

for $1,995,000. This 5,846 square foot home was built in 1917 on a lot size of 0.19.

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

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.19

Year Built

1917

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0023321211

Features

General

Sewer None

Zoning R4-2

Year Built 1917

Levels Two

County Los Angeles

Net Operating Income 0.0

New Construction No

Property Type C

HOA / Comm Assn No

Status Active

City Los Angeles

Buyer Agent Compensation 2.00

Senior Community Y/N No

MLS Area C17 - Mid-Wilshire

Lot Size Square Feet 8057.0

Street Name Francis

Land Lease Y/N No

Standard Status Active

Buyer Agent Compensation Type %

Exterior

Lot Size Area 8057.0

Building Area Total 5846.0

Lot Size Acres 0.19

Lot Size Units Square Feet

Land Lease Type Fee

Interior

Total Stories 2

Street Suffix Avenue

Total Baths 0

* Excluded Features

List By

John C. Pak

Listing Agent

Philco Realty

Broker

Affordability Calculator

$13,936

Per Month

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

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Yearly Home Insurance

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 ^$2,243,444

Percent of Sale Price 12%

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.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/30/2024	$1,995,000	-9.32%	Price Down
11/6/2023	$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 0.19. 2885 Francis Avenue is a studio with 0.0 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 Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 5/1/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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2885 Francis Avenue

Multi-Family Home for sale in Los Angeles, CA

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