Thank you
Jason Tuvia
Marcus & Millichap
818-212-2700
We are pleased to present two (2) concurrent duplexes located at 7804-7808 S Western Avenue in Los Angeles, California. The subject property is located in a solid South Los Angeles location, south of W Florence Avenue and west of S Normandie Avenue. Built in 1947 and 1952, this concurrent double-lot contains a streamlined unit mix of four (4) one-bedroom / one-bathroom bungalow style units spread across two (2) duplexes. The double lot has a favorable zoning of LAC2-1VL-CPIO under the South Los Angeles implementation overlay with addition TOC incentives under tier 1, and ED 1 eligibility to eliminate parking requirements. This opens countless opportunities to add value in this changing neighborhood. The property sits between two (2) new construction residential developments, one (1) under construction to the north and one (1) 2018 construction to the south. The zoning and abutting 16ft alleyway allows the construction of seven (7) units by-right, or twenty-four (24) potential buildable units based off an increased base density per CPIO in a TOC project. Alternatively, there is also potential to build multiple ADU units in the back of the property. Situated in a solid South Los Angeles location, this offering presents an excellent opportunity for any investor or developer to capitalize on adding value in a rapidly changing market of Los Angeles.
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Total Bedrooms : 4
Total Baths: 4
Full Baths: 0
Half Baths: 0
Wall Furnace
Has Heating
Year Built: 1952
Building Area Total: 1,680
None
Open,Patio
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1264
Lot Size Source: Assessor
Lot Size Square Feet: 5504
Original List Price: 725,000
Listing Contract Date: 2023-12-04
Listing Agreement: Seller Reserved
Parcel Number: 6018032002
Garage Description: Gated,One Space
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: C36 - Metropolitan Southwest
Postal Code Plus 4: 2727
Directions: The subject property is located in a solid South Los Angeles location, south of W Florence Avenue and west of S Normandie Avenue.
Zoning: LAC2
Source Property Type: Residential Income
Area: C36 - Metropolitan Southwest
Property Age: 72
Property Condition: Fixer
Year Built Source: Vendor Enhanced
Total Square Feet Living: 1680
Levels or Stories: One
Building Total Stories: 1
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1726 W 60th Street, Los Angeles, CA,90047 | $750,000 | 2 | -- | 1,628 | 3776 Sqft |
10427 S Denker Avenue, Los Angeles, CA,90047 | $729,000 | 2 | 1 | 1,198 | 5143 Sqft |
1552 W 103rd Street, Los Angeles, CA,90047 | $975,000 | 5 | -- | 2,268 | 5903 Sqft |
1526 W 71st Street, Los Angeles, CA,90047 | $779,999 | 3 | 2 | 1,078 | 4283 Sqft |
1456 W 89th Street, Los Angeles, CA,90047 | $850,000 | 3 | 1 | 1,564 | 4520 Sqft |
1745 W 59th Place, Los Angeles, CA,90047 | $639,000 | 3 | 3 | 1,656 | 3374 Sqft |
1932 W 74th Street, Los Angeles, CA,90047 | $837,500 | 2 | 1 | 1,136 | 6703 Sqft |
6515 Cimarron St, Los Angeles, CA,90047 | $619,000 | 3 | 1 | 1,450 | 4655 Sqft |
1558 W 105th Street, Los Angeles, CA,90047 | $949,000 | 5 | 4 | 1,896 | 5612 Sqft |
7530 Brighton Avenue, Los Angeles, CA,90047 | $1,080,000 | 4 | -- | 2,270 | 6667 Sqft |
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ByOwner last updated this listing 04/30/2024 @ 22:32
MLS: 23336875
LISTED BY: Jason Tuvia, Marcus & Millichap
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
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.