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Tera Rench

terarenchre@gmail.com +1(262) 370-7299

$625,000

Est. payment - /mo

8,903 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID DW26192040

HOA Y/N No

Year Built 1950

Lot Size 8,903 Sqft

Property Sub-Type Duplex

Property Description

OWNER-USER OPPORTUNITY - GREAT INCOME-PRODUCING DUPLEX WITH LA HOUSING APPROVED PLANS FOR 3RD UNIT! Two detached 2-bedroom, 1-bath residences with individual laundry areas situated on an approximately 8,899 SF lot. The property currently generates rental income from both existing residences. Approved plans are in place for an approximately 900 SF, 2-bedroom, 1.5-bath ADU with laundry at the rear of the property. An additional conceptual development scenario explores removal of the existing approximately 366 SF garage and construction of three detached residential units at the rear while retaining both existing residences, potentially resulting in 5 total residential units. The 3 conceptual rear units have been modeled at approximately 900 SF each with 2 bedrooms, 1.5 baths and laundry. Existing property features include separate gas and electric meters serving the two residences and one water meter. Buyer to independently verify permits, approved plans, square footage, zoning, unit configuration and all development possibilities with the appropriate governmental agencies. The ADDITIONAL 3 UNITS -unit rear development concept is not currently approved and is subject to feasibility review and all required governmental approvals. SEE ATTACHED SUPPLEMENTS FOR DETAILS. HOME HAS A SECURITY SYSTEM SO PLEASE DO NOT GO WITHOUT APPOINTMENT.

Location

State CA

County Los Angeles

Area Watt - Watts

Interior

Fireplace No

Laundry Inside, Laundry Room

Exterior

Parking Features Concrete

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Street Lights

Total Parking Spaces 2

Private Pool No

Building

Story 1

Entry Level One

Sewer Public Sewer

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 6150019012

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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Listed by Jimmy Alexander Opus Terra Properties 951-238-8322, DRE #01876523

NEARBY SCHOOL & BUSINESS

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2111 E 118th ST Los Angeles, CA 90059