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$1,298,000
Est. payment /mo
3 Beds
2 Baths
2,557 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,557 sqft
Price per Sqft $507
MLS Listing ID SR25228055
Bedrooms 3
Full Baths 2
Year Built 1924
Lot Size 0.412 Acres
Property Sub-Type Detached
Property Description
Prime Development Opportunity Unlock the Full Potential! An exceptional opportunity for investors and developers to capitalize on this versatile property with multiple pathways for a high-ROI project. Currently seller has plans with the city under SB9 which include a 2-story duplex totaling 2,200 sqft and two 2-story ADUs, each 1,200 sqft, resulting in 4 independent units perfect for maximizing rental income or resale. For visionary developers, SB1123 offers the potential to expand even further, allowing the construction of 6 to 12 units, significantly increasing the value and long-term profitability. Whether you choose to stick with the existing plans or scale up for a larger multi-unit project, both options promise strong returns. Strategic Location; situated on a street already featuring successful developments, with more on the horizon. Close to public transportation, major freeways (405 HWY), and a thriving working-class community ensuring high tenant demand. This is the perfect project for experienced developers looking to either hold and rent or sell upon completion. Dont miss out on this lucrative opportunity in a growing neighborhood! Buyers to perform their own investigations.
Location
State CA
County Los Angeles
Zoning LARS
Direction South of Plummer St
Interior
Heating Forced Air Unit
Cooling Central Forced Air
Fireplace No
Exterior
Garage Spaces 2.0
View Y/N Yes
Water Access Desc Public
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories 2
Others
Tax ID 2656020003
Special Listing Condition Standard
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Listed by Andres Hoyos Rodriguez Sync Brokerage, Inc.
