923 N Alma Avenue, Los Angeles, CA 90023

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923 N Alma Avenue

$660,000

Overview

Property ID: HZP1-26010

Duplex
Property Type

0
Bathroom

1
Garage

1922
Year Built

Description

Prime Developer / Investor Rehab Opportunity! Rare duplex with two separate structures, a 1922 front home and a 1962 rear unit, set on a 7,280 sq ft LCR2-zoned lot in a stable, high-demand East Los Angeles area near Downtown. The property is in major disrepair and requires a full overhaul, making it best suited for cash buyers, builders, or seasoned investors looking for a ground-up renovation or redevelopment project. Favorable R2 zoning on a deep lot offers compelling potential for added density, including the possibility of up to two additional ADUs (buyer to verify with the City), creating a strong path to future income and value. A long driveway with multiple parking spaces supports multi-unit use, and the site benefits from quick access to major freeways (5, 10, 60, 710), and nearby employment centers. For those ready to take on a serious rehab in a high-demand area, this property delivers the scale, zoning, and location to justify a substantial repositioning.