This property offers a remarkable investment opportunity. Situated on an expansive lot of over 20,000 square feet, it offers the flexibility to reside in one room or unit while renting out other rooms; allows for flexible living arrangements. Additionally, the property boasts a generous driveway that can easily accommodate more than 15 vehicles, a rare find at this price point. Notably, a detached dwelling unit was created from a 4-car garage on January 17, 2023, resulting in 4,724 square feet of permitted living space. Currently generating $9,800 per month in rental income, this property has room for rent increases under new ownership. Most rooms come with their own bathrooms, making it suitable for personal residence, investment, or rental purposes. Furthermore, it might serve as a profitable nursing home or travel agency, making decent cash flow. There is also the potential to use a portion of the home as in-law quarters or for a large family. Conveniently located near schools, libraries, medical facilities, restaurants, and with easy access to major freeways (60, 605, 10, and 57), this property offers convenient accessibility. For security reasons, please avoid attempting to access the premises without prior written communication. Viewing are exclusively available for accepted offers. It's crucial to note that this property is situated on an unpaved private road. Please ensure your client is comfortable with this arrangement before proceeding. We want to make sure that your efforts and your client's expectations are aligned, preventing issues or misunderstandings down the line. Transparency now will prevent potential issues later, ensuring a smooth transaction. Thank you for considering this remarkable investment opportunity. We believe this property offers not only financial potential but also versatility that can suit various needs. Please reach out with any questions or to schedule a viewing. We look forward to assisting you in making a sound investment decision.
Property Type :
Residential Income
County :
Los Angeles
Style :
Residential Income
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ByOwner last updated this listing 05/16/2024 @ 13:59
MLS: TR23165467
LISTED BY: Francis Min, Hana Management
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
