4911 12th Street

***Cancelled due to BUYER NOT ABLE TO PERFORM***! First time in the market in over 50 years, located in the much sought after neighborhood of Longwood Highlands, Hancock Park, Miracle Mile adjacent neighboring area. Priced below market. Investors/Developers/Buyers restore, rebuild or redevelop this gorgeous Victorian mansion! Stunning original old english style flourishes throughout, with well maintained beautiful original wood finishes, in formal living room and dining room connected by an original wood pocket door, custom architectural touches reminiscent of the era. Main floor also has a family room/den with closets and connected to a full bathroom downstairs. The en-suite bedroom upstairs has separate cedar closet in addition to walk in closet, an outdoor breakfast balcony off of the bedroom plus an additional rooftop balcony accessed thru the cedar closet. Two more bedrooms upstairs, with 1/2 bath. Kitchen, electrical, plumbing probably needs updating, a separate maids room next to kitchen, and separate large pantry, separate laundry room area. Very huge basement spans the entire sq. ft of the house with (unpermitted) bonus rooms/bathrooms on street level with separate entrances. The house is 2872 sq. ft. that sits on 5864 sq. ft. lot. Seller also owns 3218 sq. ft. vacant lot behind the property with a separate title and APN, zoned R2. Both lots total 9,082 SQUARE FEET! Each lot zoned R2 to potentially accommodate 4 houses, plus room for ADUs. Perfect for a TIC development or multi-unit building. Buyer to verify all permits, restrictions, square footage, zoning, etc. Ready to accept offers before it goes on active status. Land Sale listed separately on MLS but will be sold together and concurrent with this property sale. SOLD AS IS! Please excuse the years of accumulated stuff that a debris removal company could easily handle. So much great potential! Price for both properties is $1.589M ($174 per sq. ft.)! Most turnkey homes in area have sold in the $1.8-2.5M range.