Fantastic development opportunity. Eligible for new CHIP ordinance that can allow additional 50% density increase and significant parking reductions (See Docs). ED1 Eligible. Continue to rent out the property or develop this 6501 Sq Ft lot. Zoned LAC2 , this TOC Tier 1. With a FAR of 2.75 the total… Read More buildable area can be 17,877 sq. ft. Buyer to Verify with city planning for accuracy of all information. Property consists of one building with 6 separate units. Units 2,3,4,5 and 6 are studios. Unit 1 is a 2 bedroom / 1 bath and it was modified to a 3 bedroom / 1 bath without permits which is now rented on Airbnb 30day+ . The other 5 units are rented out on a month to month basis. Read Less
Property listed by RE/MAX ESTATE PROPERTIES, Shamim Khorsand Mashhadi 310-577-5300
Listing Snapshot
Days Online
191
Last Updated
Property Type
Other
Beds
7
Square Ft.
2,248
Lot Size
0.15 Acres
Year Built
1950
MLS Number
24404581
30 Days Snapshot Of 90003
$589k
+1%
(avg) sold price
4
-55%
homes sold
110
+17%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1950, Building area total: 2,248, Levels: One, Living area: 2248, 1 story, 1 building, Common walls: NoCommonWalls
Cooling
None
Heating
WallFurnace
Income
Gross income: $73,200, Net operating income: $52,200
Lot
0.1492 acres, 6,501 square feet, Size: 6,501
Parking
6 open parking spaces, 6 totals parking, Driveway
Property
Zoning: LAC2
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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