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Image 1 - 2885 Francis Ave, Los Angeles, California, 90005 - House for sale
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Image 4 - 2885 Francis Ave, Los Angeles, California, 90005 - House for sale
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Home For Sale In Los Angeles, California
2885 Francis Ave, Los Angeles, California, 90005

Home For Sale In Los Angeles, California

house for sale
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Listed: 04/29/24

2885 Francis Ave, Los Angeles, California, 90005

6 Bed:
4 Bath:
5,846 Sq Ft Living Area:
Save
Price
$ 2M

About This House

We are pleased to offer for sale a 4-Unit apartment building located in the highly sought-after neighborhood of Koreatown LA. The subject property is located on the corner of South Westmorland Ave and Francis Ave, just minutes to the new Zion Korean market and MacArthur Park. Situated on a HUGE lot of8, 060sq. ft. and5, 846sq. ft. of interior space is zoned forR4-2 TOCTier 3 with ability to build 21-unit condo ( Fully-entitled !). The new owner has the ability and option to add two ADU's for a two-bedroom and one-bedroom unit.

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Pico-Union Housing & Living

Household Income

Median household income: $62,474
Number of households: 1,4M
The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.