$3,095,000

PRICE REDUCED by $305,000! FUTURE DEVELOPMENT OPPORTUNITY: We are excited to exclusively offer for sale, 438 S. Hamel Road, located just off famed Burton Way. The property sits on a large corner Lot (6,504 SF), zoned LA R3-1-0 and is Tier 3 TOC. Condominiums sales across the street at the newly developed Delyla are averaging over $2.25 million (and up to $3 million). Buyer to do its own investigation for development potential, while enjoying the income from a charming fourplex. Currently, there is an existing charming fourplex with great street presence. The location is a "Walker's Paradise" with a 91 WalkScore and is walking distance to Cedars-Sinai Medical Center; the Beverly Center and the Beverly Connection; as well as the shops and restaurants along Robertson Blvd., La Cienega Blvd., and West 3rd Street. This well-maintained property features spacious apartment homes averaging over 1,200 SF with four private garages and an attractive mix of two 1+1 and two 2+2 townhomes that have the feeling of single-family homes. All units have in-unit washer/dryer and charming detail including: hardwood floors in the living and dining rooms; beautiful wainscotting and crown moulding; ceiling fans; charming wood built-ins and decorative fireplaces. Renovated kitchens have granite countertops; new cabinets; goose-neck faucet; stainless-steel appliances, including stove, refrigerator, built-in microwave, dishwasher, and double-sink. Quiet backyard with seating area and direct access to four single-story garages along Colgate Avenue. Buyer to investigate ADU potential.