Thank you
Levon Arzumanyan
The Agency - Studio City
747-977-3250
Fantastic investment or development opportunity situated in the City of Los Angeles. The property, currently configured as a duplex, boasts zoning classification RD2 on an expansive 7,491 Sq.Ft lot with alley access, qualifying for TOC Tier 3. This prime location offers flexibility for various developments, including the addition of ADUs, multi-unit construction, or even ED-1 development. The unit at 3023 Obama presents two bedrooms, while 3025 offers three bedrooms alongside a garage, each showcasing unique charm and generous living spaces. Additionally, the property features an expansive backyard and a lengthy driveway, enhancing its desirability. This adaptable investment affords the option of residing in one unit while leasing out the other, presenting a multitude of opportunities. Strategically positioned just minutes away from prominent landmarks such as USC, Exposition Park, BMO Stadium (LAFC), Natural History Museum, California Science Center, DTLA, SoFi Stadium, Crypto Center, shopping centers, and major freeways, this property boasts a highly sought-after location in the heart of Los Angeles. Seize the opportunity to acquire this exceptional property, with both units currently occupied by tenants and no plans for vacancy upon transfer.
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Total Bedrooms : 5
Total Baths: 2
Full Baths: 2
Water Source : Public
Sewer : Public Sewer
Fireplace: None
None
Air Conditioning
Fireplace Features: None
Has Fireplace: 0
Year Built: 1944
None
Inside
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.172
Lot Size Source: Assessor
Lot Size Square Feet: 7493
Original List Price: 949,000
Listing Contract Date: 2024-04-25
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5044011014
Attached Garage: Yes
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: 699 - Not Defined
Postal Code Plus 4: 4050
Directions: South of Exposition
Zoning: LARD2
Source Property Type: Residential
Area: 699 - Not Defined
Property SubType: Duplex
Property Age: 80
Common Walls: 1 Common Wall,No One Above,No One Below
Structure Type: Duplex
Year Built Source: Assessor
Total Square Feet Living: 1709
Entry Level: 1
Entry Location: 2
Property Attached: Yes
Levels or Stories: One
Building Total Stories: 1
Structure Type: Duplex
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1862 W 25th Street, Los Angeles, CA,90018 | $685,000 | 3 | 2 | 2 | 6635 Sqft |
2000 7th Avenue, Los Angeles, CA,90018 | $1,000,000 | 4 | -- | 3,600 | 7500 Sqft |
3747 Ruthelen Street, Los Angeles, CA,90018 | $649,999 | 4 | 3 | -- | 3349 Sqft |
2800 Obama Boulevard, Los Angeles, CA,90018 | $1,400,000 | 4 | 2 | 2,956 | 8001 Sqft |
1460 W 37th Drive, Los Angeles, CA,90018 | $975,000 | 3 | 1 | 1,339 | 6208 Sqft |
2807 S Western Avenue, Los Angeles, CA,90018 | $849,000 | 3 | 2 | 2,261 | 6317 Sqft |
1351 Exposition Boulevard, Los Angeles, CA,90018 | $650,000 | 2 | 1 | 728 | 2061 Sqft |
2203 4th Avenue, Los Angeles, CA,90018 | $2,725,000 | 12 | -- | 8,104 | 14010 Sqft |
2024 W 30th Street, Los Angeles, CA,90018 | $899,000 | 3 | 2 | 1,430 | 5201 Sqft |
3654 7th Avenue, Los Angeles, CA,90018 | $949,000 | 3 | 2 | 1,182 | 6101 Sqft |
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ByOwner last updated this listing 05/08/2024 @ 14:38
MLS: GD24083319
LISTED BY: Levon Arzumanyan, The Agency - Studio City
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.