This income producing property features a 4-bedroom, 2-bath unit, a 2-bedroom unit, PLUS a vacant additional bonus unit next to the garage equipped with plumbing, offering additional potential rental income. Exceptional development opportunity in the heart of one of Los Angeles' most rapidly evolving neighborhoods. Situated on an LAR3 lot… Read More in a Transit Oriented Communities (TOC) Tier 3 designation. Substantial upside for investors, developers, and long-term hold buyers. All tenants are currently month-to-month, and the property will be sold with tenants in place.Located on a quiet, desirable street in the thriving Jefferson Park/Exposition corridor, the property is surrounded by significant new development and enjoys convenient access to the Metro, the 10 Freeway, West Adams,Culver City, Downtown Los Angeles, USC, and Santa Monica. Nearby amenities include Rancho Cienega Sports Complex, popular restaurants and cafes, the Metro, and an array of neighborhood conveniences that continue to attract residents and investors alike. The area boasts bike ability, and public transit access, making it particularly appealing for future development opportunities.Whether you're seeking to capitalize on the existing cash flow or maximize the site's redevelopment potential under TOC incentives, opportunities like this are becoming increasingly rare. Bonus unit is not rented and has no permits. Broker and agents do not represent or guarantee the accuracy of the square footage, income, expenses, condition, development potential, bedroom/ bathroom count, lot size or lot lines, dimensions, permitted or non-permitted spaces, or school eligibility. Buyer is advised to independently verify the accuracy of all information with appropriate professionals. There are no warranties or guarantees, buyer to rely solely on his/her/their own findings. Read Less
Property listed by KHORR Realty, Pila Jessie 310-259-7556
Listing Snapshot
Days Online
28
Last Updated
Beds
7
3/4 Baths
4
Square Ft.
2,087
Lot Size
0.15 Acres
Year Built
1944
MLS Number
26859823
Additional Details
Building
Built in 1944, Living area: 2087.0, 2 buildings, Levels: One
Cooling
None
Disclosures
RentControl
Heating
WallFurnace
Income
Gross Income: $64,578, Net Operating Income: $55,578
Lot
0.146 acres
Parking
8 total parking spaces, Driveway, Garage
Taxes
Parcel Number: 5046015016, Zoning: LAR3
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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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