$650,000
$650,000
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6,899 Sqft Lot
SOLD DATE : 11/05/2024
Key Details
Sold Price $650,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW24006464
Sold Date 11/05/24
HOA Y/N No
Year Built 1922
Lot Size 6,899 Sqft
Property Description
Seize this unique opportunity with a property that's RTI (Ready To Issue) permitted and poised for transformation. Currently a duplex, it comes with approved plans to convert into a 5-unit residential complex. This project represents a significant value add, increasing from a duplex to a total of five units. The total proposed square footage for this new development is a substantial 7,730 square feet! Utilize the favorable LAR3 zoning and TOC program in place.
Additionally, this property is located in an area eligible for the Ladder Up Home Loan Grant, offering up to $50,000 in grant credits for qualified owner-occupant buyers who meet eligibility requirements. This is a rare opportunity to secure a multi-unit property in a prime location with financial assistance available.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Cooling None
Fireplace No
Laundry None
Exterior
Garage Driveway
Pool None
Community Features Sidewalks
Accessibility Parking
Parking Type Driveway
Total Parking Spaces 4
Private Pool No
Building
Lot Description Back Yard, Front Yard, Near Public Transit
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6020021029
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Daniel Hernandez • American Capitol Realty
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Broker Associate | Lic# 01905244