$715,000 Price Analysis 7804 7808 S Western AveLos 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 |
Concurrent duplexes located at 7804-7808 S Western Avenue in Los Angeles, California. The subject property is located in a slid 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 incentives 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 a 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
The 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.