Sold
Rancho Mirage, CA
40315 Cholla Lane
Ending Price
$16,000,000
Welcome to this fantastic duplex nestled on an R3 zoned high-density corner lot in the heart of Los Angeles. Boasting a prime location and ample potential, this property offers an ideal opportunity for investors and homeowners alike. Situated on a spacious lot with R3 zoning, this property allows for high-density development possibilities, with the existing structure set further back towards the lot line, providing a substantial buildable area (Zoning and lot size verification available on Zimas). The property comprises two distinct units. The downstairs unit, currently vacant, features a generous 2 bedroom, 1 bathroom layout awaiting renovation, while the upstairs unit offers a comfortable 2 bedroom, 1 bath configuration with charming Spanish-style coved ceilings, tile bathrooms, and a private front patio. While the upstairs unit presents itself in livable condition, showcasing its unique architectural details, the downstairs unit offers a renovation opportunity, ready to be transformed according to your vision. With the downstairs unit delivered vacant, renovations could begin immediately. Whether you're seeking a savvy investment opportunity or a place to call home with rental income potential, this duplex offers the best of both worlds. Take advantage of the thriving Los Angeles rental market or explore development possibilities to maximize returns. Located in a desirable Los Angeles neighborhood, residents enjoy easy access to local amenities, dining, shopping, entertainment, and transportation options, making it an attractive destination for tenants and homeowners alike. Don't miss out on this rare opportunity to own a piece of prime Los Angeles real estate with endless potential. Schedule your private viewing today!