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In-PersonVirtual Tour
$ 699,000
Est. payment | /mo
4 Beds
2 Baths
8,902 Sqft Lot
$ 699,000
Est. payment | /mo
4 Beds
2 Baths
8,902 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW26192040
Bedrooms 4
Lot Size 8,902 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
OWNER-USER OPPORTUNITY - SELLER MAY DELIVER POSSESSION OF THE LARGER UNIT UPON CLOSING! GREAT 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 3 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 ADDITIONAL 3 UNITS -unit rear development concept is not currently approved and is subject to feasibility review and all required governmental approvals. SEE ATTACHED SUPPLEMENTS FOR DETAILS.
Location
State CA
County Los Angeles
Zoning Assessor
Direction 105 FWY EXIT WILMINGTON AVE NORTH LEFT ON 118TH ST PROPERTY ON LEFT
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 6150019012
Acceptable Financing Cash
Listing Terms Cash
Listed by Jimmy Alexander, DRE#01876523 Opus Terra Properties
NEARBY SCHOOL & BUSINESS