Located in the heart of the Adams-Normandie Historic Preservation Overlay Zone (HPOZ), this property stands at the crossroads of its rich historical heritage and the promise of a remarkable future, offering you the chance to restore it to its former glory and create a legacy that will be cherished for generations to come. Less than a mile from USC (University of Southern California) and within USC's Neighborhood Homeownership subsidy area, this location holds added appeal for USC faculty and staff, a huge benefit for USC employees. With five distinct bedrooms and a generous 2,800 square feet of living space, this property is well-suited for a variety of potential owners and investors as it presents endless possibilities to buy and hold or fix and flip! For even more possibilities, consider its R2 zoning for an additional dwelling or a third story attic conversion for even more living space.Conveniently situated in close proximity to a diverse array of dining establishments and local businesses, you'll discover yourself mere moments from downtown Los Angeles, the bustling Fashion District, LA Convention Center, the Crypto.com Arena, LA Live, and Exposition Park where you can explore iconic landmarks like the Los Angeles Memorial Coliseum, Natural History Museum, BMO Stadium, and the upcoming George Lucas Museum of Narrative Art.With a bus stop just a block away and easy access to major thoroughfares such as the 10, 110, and 101 freeways, this property is perfectly positioned for your next investment venture. Moreover, you may qualify for a California historic rehabilitation tax credit (SB 451), making the restoration of this property not only a wise financial move but also a significant contribution to preserving its historical value.

Listed By CRMLS_CA / Stan Rector / Pinnacle Estate Properties, Inc.

Last checked: Checking… • Last updated Jul 7, 2024 • Source: CRMLS_CA

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