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$1,250,000
Est. payment /mo
3 Beds
1 Bath
1,316 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,316 sqft
Price per Sqft $949
MLS Listing ID CL25510213
Bedrooms 3
Full Baths 1
HOA Y/N No
Year Built 1924
Lot Size 9,227 Sqft
Acres 0.2118
Property Sub-Type Single Family Residence
Property Description
Development Opportunity in Prime Los Angeles Area. Build 5 Units Located in the highly sought-after area of Los Angeles. This development opportunity offers the perfect blend of rental income and future potential. The existing single-family home provides immediate rental income of $3,300 per month, while approved plans are in place to build 5 units on the property.The existing structure is) 3 bedrooms, 2 bathroom (1,316 sq ft), and is currently generating $3,300/month in rental income. Approved plans includes architect and engineering documents for 5 units. The project will consist of 3 units and 2 Accessory Dwelling Units (ADUs), each with 3 bedrooms, 2 bathrooms at1,200 sq ft per unit. Wood frame structure designed to reduce both time and construction costs. RtI already approved. This is an exceptional opportunity for developers and investors looking to create a multi-unit residential property in a thriving Los Angeles neighborhood. Buyer to conduct their own due diligence with the city, and verify all development details.
Location
State CA
County Los Angeles
Zoning LCR3
Interior
Heating Central
Flooring Wood
Fireplaces Type None
Fireplace No
Laundry Washer, Inside
Exterior
Exterior Feature Front Yard
Pool Fenced
View Y/N false
View None
Private Pool false
Building
Story 1
Level or Stories One Story
New Construction No
Schools
School District Los Angeles Unified
Others
Tax ID 6056004034
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Listed by Denise Manning • Manning & Associates Real Estate Services