Thank you
Anna Kadinowa
Christie's AKG
424-249-7162
Presenting an extraordinary opportunity with immense potential, this large lot boasts R3 zoning and ample space for development. Whether you choose to demolish the existing building and garage to construct multiple units in this R3 zoning or opt to retain the duplex, continue to collect rent and add additional units at the back, the possibilities for expansion and investment are boundless. The existing side-by-side duplex boasts well-appointed two-bedroom, one-bathroom layouts in each unit. One unit, recently renovated, features wood-like vinyl flooring, a modern kitchen with quartz countertops, and in-unit laundry. The remodeled unit will be delivered vacant and move in ready, so the new owner can live there or rent it out for market value. Meanwhile, the other well-maintained unit is occupied by a Section 8 tenant, ensuring immediate income stability. Complementing the residences, a detached two-car garage adds convenience, while the large backyard offers serene privacy amidst lush greenery. Ample parking on the driveway accommodates at least three vehicles, catering to both residents and guests. Recent upgrades, such as the installation of a new main sewer line laid the groundwork for future development. Strategically situated near major thoroughfares including the 105 and 110 freeways, as well as key amenities like the Martin Luther King Community Hospital, King Drew Magnet High School, Charles Drew University, Magic Johnson Park and Shopping Center, this property provides unparalleled access to a plethora of services and attractions. Offer subject to inspection, drive-by only. PLEASE DO NOT APPROACH THE TENANTS. ALL OFFERS DUE ON 5/8/24 AT 5 PM.
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Total Bedrooms : 4
Total Baths: 2
Full Baths: 0
Half Baths: 0
Property Appliances: Refrigerator
Wall/Window Unit(s)
Air Conditioning
Natural Gas
Has Heating
Year Built: 1947
Building Area Total: 1,627
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.205
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 8930
Original List Price: 699,000
Listing Contract Date: 2024-04-26
Listing Agreement: Seller Reserved
Parcel Number: 6148013013
Garage Description: Door-Multi,Garage
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: C37 - Metropolitan South
Postal Code Plus 4: 2826
Directions: Google Maps
Zoning: LAR3
Source Property Type: Residential Income
Area: C37 - Metropolitan South
Property Age: 77
Year Built Source: Vendor Enhanced
Total Square Feet Living: 1627
Levels or Stories: One
Building Total Stories: 1
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1503 E 109th Street, Los Angeles, CA,90059 | $649,999 | 6 | -- | 2,389 | 9563 Sqft |
11111 Wilmington Avenue, Los Angeles, CA,90059 | $725,000 | 2 | -- | 1,787 | 6501 Sqft |
1624 E 109th Street, Los Angeles, CA,90059 | $1,100,000 | 11 | 6 | 2,949 | 15217 Sqft |
2117 E 112th Street, Los Angeles, CA,90059 | $639,000 | 4 | 2 | 1,050 | 3132 Sqft |
1300 E 108th Street, Los Angeles, CA,90059 | $725,000 | 5 | 2 | 1,918 | 5854 Sqft |
2069 E 120th Street, Los Angeles, CA,90059 | $544,999 | 3 | 3 | 1,492 | 157803 Sqft |
2436 E 115th Street, Los Angeles, CA,90059 | $549,998 | 3 | 1 | 1,044 | 4368 Sqft |
629 E 109th Place, Los Angeles, CA,90059 | $479,900 | 4 | -- | 1,309 | 4862 Sqft |
825 E 108th Street, Los Angeles, CA,90059 | $4,250,000 | 39 | -- | 13,742 | 14387 Sqft |
1909 E 120th Street, Los Angeles, CA,90059 | $575,000 | 3 | 2 | 1,776 | 48230 Sqft |
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ByOwner last updated this listing 05/21/2024 @ 04:19
MLS: 24377241
LISTED BY: Anna Kadinowa, Christie's AKG
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.