Rare LARD2 Development Opportunity with a Brand-New Roof in the Heart of Los Angeles! This is your chance to acquire an income-producing duplex situated on a 5,400 sq. ft. LARD2-zoned lot in one of Los Angeles' rapidly evolving neighborhoods. A new roof was installed less than one year ago, providing… Read More added value and reducing a major future capital expense for the next owner. Whether you're an investor looking to expand your portfolio, a developer seeking future opportunities, or a buyer searching for a property with long-term upside, this exceptional offering checks all the boxes.
The existing duplex features two spacious 2-bedroom, 1-bath units with month-to-month tenants, separate electric meters, providing immediate rental income while offering flexibility for future ownership strategies, subject to applicable laws and regulations. Additional improvements include a detached two-car garage and a basement/storage area, creating even more functionality and future possibilities.
Located in an area experiencing continued revitalization, this property is surrounded by numerous higher-density residential developments and offers excellent access to the 110 Freeway, Downtown Los Angeles, USC, Exposition Park, BMO Stadium, SoFi Stadium, shopping, dining, public transportation, and major employment centers.
LARD2-zoned duplex properties on a 5,400 sq. ft. lot with a recently installed roof are becoming increasingly difficult to find. Whether your strategy is to hold for long-term appreciation, enhance the existing asset, or explore future redevelopment opportunities, this property offers exceptional potential. Buyers are encouraged to independently verify zoning, development possibilities, ADU opportunities, allowable density, and future use with the City of Los Angeles. This property will not last call today! Read Less
Property listed by eXp Realty of Greater L.A, Jonathan Hernandez 310-259-7556
Listing Snapshot
Days Online
1
Last Updated
Property Type
Duplex
Lot Size
0.12 Acres
Year Built
1923
MLS Number
DW26164677
Additional Details
Building
Built in 1923, 1 building, 1 storey, Levels: One, Entry level: 1, Entry location: FRONT
Community
Curbs, StormDrains, StreetLights, Sidewalks
Garage
2 spaces
Home Owner's Association
Association Fee: $0
Income
Gross Income: $2,502, Gross ScheduledIncome: $2,502, Net Operating Income: $2,502
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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