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$1,175,000
Est. payment /mo
3 Beds
2 Baths
1,166 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,166 sqft
Price per Sqft $1,007
MLS Listing ID SR25248003
Bedrooms 3
Full Baths 2
Year Built 1925
Lot Size 6,502 Sqft
Property Sub-Type Detached
Property Description
RARE, SHOVEL-READY DEVELOPMENT OPPORTUNITY in a highly sought-after location! This is a fantastic equity opportunity offering a fast track to development with plans for a 24-unit, 5-story apartment building (LAR3 zoning) anticipated to be Ready-to-Issue (RTI) very soon! The project is strategically designed for maximum profitability, featuring 1-bedroom, 1-bathroom unitseach with a private balcony and access to floor-level trash chutesthat qualify under an affordable housing initiative. Crucially, the absence of parking requirements dramatically maximizes usable space and return on investment. For the savvy buyer looking to push boundaries, the city has already approved the feasibility to increase the unit count from 24 to 30 units. Seize this moment to acquire a high-yield asset in a prime development corridor. Contact us immediately for full plans and to secure your stake in this exceptional venture! Buyer to independently verify all information.
Location
State CA
County Los Angeles
Zoning LAR3
Direction On Victory Blvd and Kester Ave
Interior
Cooling Central Forced Air
Fireplace No
Exterior
Garage Spaces 1.0
View Y/N Yes
Water Access Desc Public
Total Parking Spaces 1
Building
Story 1
Sewer Public Sewer
Water Public
Level or Stories 1
Others
Senior Community No
Tax ID 2236021017
Acceptable Financing Cash, Conventional, Cash To New Loan
Listing Terms Cash, Conventional, Cash To New Loan
Special Listing Condition Standard
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Listed by Shira Dunn Keller Williams Luxury
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