Overview
- Triplex
- 0
- 1924
Description
ADU Development Opportunity – 2plex + 3plex on Adjacent Lots
***Rare opportunity to acquire two properties on two side-by-side APNs with a combined lot size of 11,218 SF zoned LARD1.5, offering significant ADU expansion potential. The site configuration and zoning present the possibility to develop 7+ additional ADUs (buyer to verify with city), making this an attractive value-add and long-term unit expansion play.
***The property currently consists of total 5 units. 2 units are vacant, in rent-ready condition, allowing a buyer to lease at market rents while planning future development. Current rents are $1,424, $915, and $688, with additional income from on-site laundry.
Investors benefit from existing cash flow while unlocking substantial upside through ADU development, a rare opportunity to significantly increase density and rental income on a large multifamily lot.
Address
Open on Google Maps- Address King
- City Wilmington
- State/county Los Angeles
- Zip/Postal Code 90744
Details
Updated on March 10, 2026 at 10:07 am- Property ID: HZSB26048458
- Price: $1,100,000
- Garage: 0
- Year Built: 1924
- Property Type: Triplex
- Property Status: ResidentialIncome
- Listed by: Olga Wright
- DRE #: 01315042
- Contact Mail: olga@lyonstahl.com
- Brokered by: Lyon Stahl Investment Real Estate, Inc.
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