UPDATED:
12/09/2024 06:16 AM
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,420 sqft
Price per Sqft $394
MLS Listing ID SB24242177
Style Detached
Bedrooms 4
Full Baths 2
HOA Y/N No
Year Built 1920
Lot Size 6,201 Sqft
Acres 0.1424
Property Description
4-Bedroom, 2-Bath Fixer with R3 Zoning Prime Investment Opportunity in Los Angeles! Attention investors and developers! This 4-bedroom, 2-bathroom home near Manchester and Hoover is a complete fixer-upper with massive potential, located in Los Angeles. Sitting on a 6,200 sq foot corner parcel with an R3 zoning designation and TOC Tier 3 designation, this property offers the unique opportunity to renovate or redevelop into a multi-unit project. Key Highlights: R3 Zoning: Unlock the potential for multi-residential development, perfect for maximizing the lot's value and generating long-term income. TOC Tier 3: Allows for increased density above city standards ADU options: The property has a spacious rear yard accessed by an alley that allows for easy access and a perfect place to quickly add a second dwelling Spacious Lot: Ample space to explore various redevelopment options, (buyer to verify zoning regulations) Home is in need of cosmetic and interior improvement but can be quickly updated to move in condition Prime Location: Situated in a vibrant, high-demand area with easy access to transportation, dining, shopping, and entertainment. Whether youre looking to flip this property or start fresh with a new development, this property offers numerous possibilities for improvement. With housing demand at an all-time high, this is the perfect project for those ready to capitalize on Los Angeles' growing real estate market. Dont let this rare opportunity slip awaycontact us today to schedule a viewing and explore the full potential of this property!
Location
State CA
County Los Angeles
Area Los Angeles (90044)
Zoning LAR3
Interior
Interior Features Tile Counters
Heating Natural Gas
Flooring Wood
Fireplaces Type FP in Living Room, Decorative
Laundry Inside
Exterior
Parking Features Gated
Fence Needs Repair, Chain Link
Roof Type Rolled/Hot Mop
Building
Lot Description Curbs, Sidewalks
Story 1
Lot Size Range 4000-7499 SF
Sewer Public Sewer
Water Public
Level or Stories 1 Story
Others
Monthly Total Fees $27
Miscellaneous Suburban
Acceptable Financing Cash, Cash To New Loan
Listing Terms Cash, Cash To New Loan
Special Listing Condition Standard