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$725,000
Est. payment /mo
8,903 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW26192040
HOA Y/N No
Year Built 1950
Lot Size 8,903 Sqft
Property Sub-Type Duplex
Property Description
INCOME-PRODUCING DUPLEX WITH LA HOUSING APPROVED PLANS FOR 3RD UNIT! Two detached 2-bedroom, 1-bath residences with individual laundry areas situated on an approximately 8,899 SF lot. The property currently generates rental income from both existing residences. Approved plans are in place for an approximately 900 SF, 2-bedroom, 1.5-bath ADU with laundry at the rear of the property. An additional conceptual development scenario explores removal of the existing approximately 366 SF garage and construction of three detached residential units at the rear while retaining both existing residences, potentially resulting in 5 total residential units. The conceptual rear units have been modeled at approximately 900 SF each with 2 bedrooms, 1.5 baths and laundry. Existing property features include separate gas and electric meters serving the two residences and one water meter. Buyer to independently verify permits, approved plans, square footage, zoning, unit configuration and all development possibilities with the appropriate governmental agencies. The three-unit rear development concept is not currently approved and is subject to feasibility review and all required governmental approvals. **Possession of the larger of the two existing units may be delivered to the buyer at closing**. SEE ATTACHED SUPPLEMENTS FOR DETAILS.
Location
State CA
County Los Angeles
Area Watt - Watts
Interior
Fireplace No
Laundry Inside, Laundry Room
Exterior
Parking Features Concrete
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Street Lights
Total Parking Spaces 2
Private Pool No
Building
Story 1
Entry Level One
Sewer Public Sewer
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 6150019012
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
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Listed by Jimmy Alexander Opus Terra Properties 951-238-8322, DRE #01876523
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