Attention all Investors & developers! Major Price Reduction ! Don't Miss out on the opportunity to renovate this 1910 vintage 2 story 5 bdrm & 2 bath home. Has a newer roof & still has some of the old characteristics to make it a classic & beautiful home. However if you want to take advantage of a valuable project, this is a great opportunity. Per L.A. Bldg & Safety,property is zoned LAR 3 which allows you to build up to 8 apartment or condo units in the Echo Park,Silver-lake,near Korea town. This property is near Lafayette Park Place which has numerous condos that recently sold. Located minutes from the eventful projects in up & coming Echo Park, Downtown LA. If rents are high in DTLA why miss out on the opportunity to have multiple condos or apartments which awaits you to build on this property. Easy access to Bus transportation, 101 & 10 fwy, schools, stores, minutes from Hollywood. Buyers to do their own investigation to satisfy themselves.