Torcora Partners to Acquire $1.5m LA Duplex
Los Angeles - A home that served as a commercial music studio with living space was for sale in September 2018. With a beautiful skyline view of downtown Los Angeles and extremely high walkability score to the myriad of nightlife, restaurants, coffee shops on Sunset, this is a prime piece of real estate.
Zoned R2, the house could do with a second unit. Purchased no more than a decade before, the land has doubled in value. The home does have unpermitted additions along with a previously permitted addition that will need a new roof, new foundation, and subfloor. At 6700sqft on a hillside and 2300sqft interior, any addition we make will require additional permits and possible soil reports due to the property being on hillside.
Torcora partners with investors to acquire this property and expects entitlements, construction, and disposition to take approximately one year’s time.