5017 Elmwood AVE Los Angeles, CA 90004

We are pleased to present for sale an R3 TOC Tier 1 development opportunity located in the wonderful Larchmont Village area of Los Angeles! The lot's size is 6,250 sqft, meaning a developer can build 7 units by right or up to 12 utilizing TOC incentives. Next door lot is also available making this an amazing opportunity to build up to 24 units on a combined 12,500 sqft R3 lot in super hot Larchmont Village! This charming Country English home consists of 3 Bd 1.5 Ba downstairs (.5 ba may not have permit), hardwood floors, open floor plan with very private backyard PLUS an upstairs area which can be converted into a private master bedroom or rented studio! Lots of options with this property!! Build up to 24 units, renovate according to your tastes and move right in, or perfect flip opportunity! Buyer to verify zoning with LADBS. Home to be sold As-Is. Contact listing agent for more details!