Overview
ATTENTION INVESTORS, BUILDERS AND DEVELOPERS! Probate investment opportunity with tremendous value-add and redevelopment potential in the heart of Los Angeles. The property features a 3-bedroom, 2-bath residence with approximately 1,254 square feet of living space on an approximately 5,001-square-foot lot.An additional permitted bonus room, created through a garage conversion, offers flexible space for a workshop, creative studio, home office or other permitted use. The bonus room may also present an opportunity for conversion or expansion into an ADU, subject to plans, permits and City approval. Investors may renovate and resell the existing improvements or explore the property's broader development potential. The lot is reportedly zoned LARD1.5, which may allow multiple residential units and could potentially accommodate a duplex, triplex or other small multifamily development. Buyers must independently verify the existing permits, bonus-room status, zoning, allowable density, ADU eligibility and all redevelopment possibilities with the City of Los Angeles. The property has substantial deferred maintenance and is ready for an experienced investor with vision. Probate sale with FULL AUTHORITY court confirmation is NOT required. Sold strictly AS IS in its present condition, with no seller repairs or credits. Due to its current condition, the property will not qualify for conventional financing. ALL-CASH OFFERS ONLY. Seller is seeking a strong, non-contingent offer and a quick, reliable closing. Renovate, repurpose or redevelop this property offers numerous possibilities.
Kurt Mellinger | Equity Union Real Estate | DRE #02238998
Location
Approximate location of 1725 S Highland Avenue, Los Angeles. Map data © OpenStreetMap contributors © CARTO.
Features
Estimated monthly payment
These estimates are for informational purposes only and are not a loan offer, pre-qualification, or commitment to lend. Actual amounts will vary with your rate, credit, taxes, insurance, and HOA dues. Property tax and insurance figures are rough estimates, not the amounts assessed on this property. Confirm all figures with a licensed lender.