449 Savoy St, Los Angeles, CA 90012

Amazing fixer or development potential alert! Located one block away from the newly renovated $20m Cornfield Park! This 34-acre park has meadows, wetlands, visitor center, a raised pedestrian bridge and running trails. The charming home built in 1892 is perched on a hill with some city views from the covered front porch and a large backyard. There are several options for property use. 1) Simple remodel and updating. 2) Potential reuse of property per adaptive reuse incentives from City of LA on LAR3 lot. Buyer to investigate. 3) Major remodel and rebuild, adding a 2nd story. The owner has city approved plans and full drawings for the latter. Foundation has been recently updated.