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$ 850,000
Est. payment | /mo
4 Beds
1,482 SqFt
$ 850,000
Est. payment | /mo
4 Beds
1,482 SqFt
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 1,482 sqft
Price per Sqft $573
MLS Listing ID CL26866467
Bedrooms 4
HOA Y/N No
Year Built 1905
Lot Size 5,760 Sqft
Acres 0.13
Property Sub-Type OTHER
Property Description
- RECENTLY UPDATED! - TWO-ADU POTENTIAL! - OWNER-USER OPPORTUNITY OR INVESTMENT PROPERTY! Rare opportunity to own a versatile income-producing property with immediate rental income and significant future development potential. - Unit #1 (2 Bed / 2 Bath) is currently VACANT, offering immediate occupancy for an owner-user or the opportunity to generate additional rental income. The property has been recently improved with fresh paint and updates. - Unit #2 is currently tenant-occupied and generating rental income. - Storage #3 is a detached, high-ceiling rear structure of approximately 1,200 sq. ft., currently leased for storage and office use and generating approximately $2,100/month. The structure was previously approved for auto repair use, offering flexibility for various potential uses. Buyer to independently verify all permits, approvals, zoning, and permitted uses.Adding significant upside, the rear structure may offer the potential to convert into up to two ADUs, creating an opportunity for additional rental income and long-term appreciation. Buyer to independently verify ADU feasibility and requirements with the City of Los Angeles.Conveniently located just minutes from Koreatown, Downtown Los Angeles, USC, restaurants, shopping, schools, parks, public transportation, and major freeways.A unique opportunity combining residential income, commercial/storage income, owner-user flexibility, and substantial future development potential in a highly central Los Angeles location.
Location
State CA
County Los Angeles
Zoning LAR2
Interior
Heating Central
Fireplace No
Laundry Dryer
Exterior
Total Parking Spaces 4
Building
New Construction No
Others
Tax ID 5074002013
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Listed by Sharon Oh • Redpoint Realty
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Leia Hartje
REALTOR® | Broker Associate Lic# 01412955