$715,000 Price Analysis   ♡   Los Angeles, CA 90047 4 bed 4 bath 1,680 SqFt ($425/SqFt) 5,504SqFt lot. Built 1952 Listed 2023-12-04 | Ⓧ USDA Ineligible due to location near Los Angeles |
We are pleased to present two (2)
* No Longer For Sale *
Your browser will attempt to redirect you to the city level in a few seconds.
Concurrent duplexes located at 7804-7808 S Western Avenue in Los Angeles, California. The subject property is located in a solid South Los Angeles location, south of W Florence Avenue and west of S Normandie Avenue. Built in 1947 and 1952, this concurrent double-lot contains a streamlined unit mix of four (4) one-bedroom / one-bathroom bungalow style units spread across two (2) duplexes. One (1) unit will be delivered vacant. The double lot has a favorable zoning of LAC2-1VL-CPIO under the South Los Angeles implementation overlay with addition TOC incent ives under tier 1 and ED 1 eligibility to eliminate parking requirements.
This opens countless opportunities to add value in this changing neighborhood. The property sits between two (2) new construction residential developments, one (1) under construction to the north and one (1) 2018 construction to the south. The zoning and abutting 16ft alleyway allows the construction of seven (7) units by-right or twenty-four (24) potential buildable units based off an increased base density per CPIO in TOC project. Alternatively, there is also potential to build multiple ADU units in the back of the property. Situated in a solid South Los Angeles location, this offering presents an excellent opportunity for any investor or developer to capitalize on adding value in a rapidly changing market of Los Angeles.
Presented by Jason Tuvia at
Marcus & Millichap.
Property MLS #23-336875 from TheMLSCLAW
Full Bathrooms: 4
Heating Features: Wall
Patio Features: Patio Open
Lot Size Acres: 0.1263545
Lot Size Source: Assessor
Lot Size Square Feet: 5504
Parking Total: 4
Other Equipment: Built-Ins
Vacancy Allowance: 1970
Calculated Total Monthly Association Fees: 0
Number of Units: 4
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 1900, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 1900, 3 BedsTotal: 1, 3 BathsTotal: 1, 3 SquareFeet: 1900, 4 BedsTotal: 1, 4 BathsTotal: 1, 4 SquareFeet: 1900
County: Los Angeles
Cap Rate: 6.25
Directions: The subject property is located in a solid South Los Angeles location, south of W Florence Avenue and west of S Normandie Avenue.
Source Property Type: Residential Income
Area: Metropolitan Southwest
Source Neighborhood: Metropolitan Southwest
Parcel Number: 6018-032-002
Postal Code Plus 4: 2727
Property Location: City
Zoning: LAC2
Source System Name: C2C
$670,000
TheMLSCLAW
Price Changed 2024-05-03
$715,000
TheMLSCLAW
Listed 2023-12-04
$725,000
TheMLSCLAW
Year Built: 1952
Common Walls: Attached
Levels: One Level
Living Area Source: Assessor
Property Age: 72
Property Condition: Fixer
Levels or Stories: 1
Building Total Stories: 1
House Style: Bungalow
Year Built Source: Vendor Enhanced
Architectural Style: Bungalow
Map directions Map directions Map directionsThe property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.