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$949,900
Est. payment /mo
5 Beds
8,971 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Pending
Purchase Type For Sale
MLS Listing ID DW25023556
Bedrooms 5
Lot Size 8,971 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Spacious Lot with Development Opportunity Ideal for Investors or Owner-Occupants This property sits on a generous 8,971 sq ft lot and features two separate structures offering significant potential for improvement and value appreciation. The front building includes a 3-bedroom, 2-bathroom unit, while the rear structure consists of two 1-bedroom, 1-bathroom unitsproviding flexible living or rental options. With value-add potential, new ownership could renovate, select new tenants, or explore additional income opportunities. There is the possibility to legalize existing non-conforming spaces and/or add ADUs.* Key Features: Zoned as a Duplex, currently used as three units Ideal for investors seeking rental income or redevelopment Excellent potential for adding detached ADUs or converting existing space* Sold as-is, where-is Recent California legislation, such as SB 1211, may allow up to eight detached ADUs on multifamily lotsoffering exciting possibilities for expansion. While lot size contributes to development feasibility, in Los Angeles, the number of permitted ADUs is not solely based on square footage. Whether for multigenerational living, guest accommodations, or additional rental income, the options are numerous.* *Buyer to perform their own due diligence. All information provided is deemed reliable but not guaranteed and is for reference purposes only.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Xst. Ranchito Ave, west of Woodman Ave, north of Vanowen St
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 2216003038
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
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Listed by Ricardo Munoz Excellence RE Real Estate
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