Thank you
Frank Shamoo
Innovate Realty, Inc.
949-617-2875
LOT VALUE with APPROVED PLANS - Property scrapped - RTI and SB8 Cert APPROVED!! Don't miss out on this exceptional investment opportunity! This lot is being sold with approved plans to build an approximately 2,805 sq ft of total living space duplex with an ADU + garages/parking and a potential for 4th and 5th unit ADU. Spanning two floors, this spacious multi-family building offers three units with incredible income potential. The first floor features two separate units: a 2-bedroom, 1-bathroom unit spanning 787 sq ft and a 1-bedroom, 1-bathroom unit spanning 547 sq ft. These units provide comfortable and functional living spaces with an in-unit washer and dryer. Potential 4th/5th unit on the second floor presents 3 bedrooms and 2.5 bathrooms, offering 1,266 sq ft of space or split into 2 spaces making it a 5th unit. This unit provides additional room and luxurious amenities, making it an appealing choice for tenants seeking more space and upscale living. Located in a prime area, this property is a fantastic investment opportunity for seasoned investors and first-time buyers seeking a unique living arrangement. With multiple income streams from the three units, you can enjoy the potential for significant rental income. Don't delay! Take advantage of this opportunity to add a lucrative multi-family property. Schedule a showing today to explore this property’s immense potential for your investment goals. Don't miss out on this chance
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Water Source : Public
Sewer : Public Sewer
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1112
Lot Size Source: Assessor
Lot Size Square Feet: 4844
Original List Price: 590,000
Listing Contract Date: 2024-04-03
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5115033024
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: C37 - Metropolitan South
Postal Code Plus 4: 3520
Directions: Cross Street- S. Central Ave/E. Vernon Ave
Zoning: LAR2
Source Property Type: Land
Area: C37 - Metropolitan South
Year Built Source: Vendor Enhanced
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
Residential Income, Los Angeles, CA,90011 | $990,000 | 6 | -- | 2,302 | 4400 Sqft |
606 E 51st Street, Los Angeles, CA,90011 | $1,400,000 | 6 | -- | 2,870 | 9937 Sqft |
876 -876 1/2 E 41st Place, Los Angeles, CA,90011 | $739,900 | 6 | 3 | 2,112 | 6250 Sqft |
4725 Compton Avenue, Los Angeles, CA,90011 | $450,000 | 2 | 1 | 1,029 | 2731 Sqft |
128 E 54th Street, Los Angeles, CA,90011 | $795,000 | -- | -- | 4,186 | 5306 Sqft |
851 E 32nd Street, Los Angeles, CA,90011 | $688,000 | -- | -- | 2,400 | 5230 Sqft |
802 E. 25th Street, Los Angeles, CA,90011 | $799,000 | 5 | 1 | 2,026 | 163437120 Sqft |
2808 Maple Avenue, Los Angeles, CA,90011 | $650,000 | 2 | -- | 1,072 | 4800 Sqft |
209 E 31st Street, Los Angeles, CA,90011 | $675,000 | 2 | 1 | 1,028 | 6280 Sqft |
461 E 30th Street, Los Angeles, CA,90011 | $775,000 | -- | -- | 3,097 | 6244 Sqft |
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ByOwner last updated this listing 05/10/2024 @ 02:13
MLS: OC24064291
LISTED BY: Frank Shamoo, Innovate Realty, Inc.
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.