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$599,000
Est. payment /mo
2 Beds
1 Bath
896 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 896 sqft
Price per Sqft $668
MLS Listing ID PW25019687
Bedrooms 2
Full Baths 1
Year Built 1924
Property Sub-Type Detached
Property Description
INVESTORS DREAM COME TRUE!!!!! Great opportunity to own a rare flat level lot zoned C3 for commercial or residential use. Although sold for land value only, there is an existing vacant home on the site but it is considered to be a tear-down. Seller has tentative verbal approval for a 6-unit development allowed by right along with a 24-hour post office box business with a great income potential with very limited competition. Architect may be available to be hired to continue with the approval process for the proposed development, if desired. Repurpose the property as desired or use it as-is. With new codes, it should allow for both residential and commercial development with a potential for residential low-income bonus developments and ADU's. Easy to build-out with all utilities place. Both street access and convenient alley access for more development choices and opportunities. This property has a lot of potentials Multi-family residential, Single-family dwelling, Commercial and or Residential Condominium project. Property is located in Los Angeles but within a small unincorporated pocket under the jurisdiction of the County of Los Angeles. Property Sold in its present condition and "AS IS", with no warranties of any kind or representations made regarding the property whatsoever. Buyer to conduct their own independent investigations. Standard sale. Because it is being sold for land value only and its income stream, an interior view of the house will only be allowed upon an accepted offer and only of deemed necessary and requested by the buyer because the house is considered
Location
State CA
County Los Angeles
Zoning LCC3YY
Direction West of 110 FWY and North of Century Blvd
Interior
Fireplace No
Exterior
View Y/N Yes
Water Access Desc Public
Building
Story 1
Sewer Public Sewer
Water Public
Level or Stories 1
Others
Tax ID 6056018001
Special Listing Condition Standard
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Listed by Beatriz Serna Elite Homes Realty