$602,500
$500,000
20.5%For more information regarding the value of a property, please contact us for a free consultation.
6,995 Sqft Lot
SOLD DATE : 06/18/2024
Key Details
Sold Price $602,500
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB24093506
Sold Date 06/18/24
Construction Status Repairs Major
HOA Y/N No
Year Built 1940
Lot Size 6,995 Sqft
Property Description
Unlock your next lucrative venture with this prime development opportunity nestled at 5414 S. Mullen Ave in Los Angeles County. Unlike properties under Los Angeles City's rent control, this Windsor Hills property offers unparalleled potential for investors and developers alike. While the existing structure may be at the end of its journey, its true value is centrally located property allowing for multiple units in an area in demand. Seize a brand-new beginning for redevelopment in the heart of this thriving residential landscape. Positioned strategically, this property boasts seamless access to the Metro K line minutes away as well as nearby amenities and attractions, ensuring maximum convenience and desirability. This coveted location sets the stage for immediate development upon acquisition, streamlining your path to success. Coupled with LCR2YY zoning and the prospect of additional ADUs, this investment promises to meet the soaring demand for housing in the vibrant tapestry of Los Angeles County.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LCR2YY
Interior
Fireplace No
Laundry See Remarks
Exterior
Pool None
Community Features Urban
Private Pool No
Building
Lot Description Yard
Story 2
Sewer Public Sewer
Water Public
New Construction No
Construction Status Repairs Major
Others
Senior Community No
Tax ID 5007016032
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
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Bought with Camille Ellison • Ellie B., A Real Estate Company
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Broker Associate | Lic# 01905244