$699000 Price Analysis   ♡   Los Angeles, CA 90059 4 bed 2 bath 1627 SqFt ($429/SqFt) 8930SqFt lot. Built 1947 Listed 2024-04-26, Taxes $2995 | Ⓧ USDA Ineligible due to location near Los Angeles |
Presenting an extraordinary opportunity with immnse potential
* No Longer For Sale *
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This large lot boasts R3 zoning and ample space for development. Whether you choose to demolish the existing building and garage to construct multiple units in this R3 zoning or opt to retain the duplex, continue to collect rent and add additional units at the back, the possibilities for expansion and investment are boundless. The existing side-by-side duplex boasts well-appointed two-bedroom, one-bathroom layouts in each unit. One unit, recently renovated, features wood-like vinyl flooring, a modern kitchen with quartz countertops and in-unit laundry. The remodeled unit will be delivered vacant and move in ready, so the new owner can live there or rent it out for market value.
Meanwhile, the other well-maintained unit is occupied by a Section 8 tenant, ensuring immediate income stability. Complementing the residences, a detached two-car garage adds convenience, while the large backyard offers serene privacy amidst lush greenery. Ample parking on the driveway accommodates at least three vehicles, catering to both residents and guests. Recent upgrades, such as the installation of a new main sewer line laid the groundwork for future development. Strategically situated near major thoroughfares including the 105 and 110 freeways, as well as key amenities like the Martin Luther King Community Hospital, King Drew Magnet High School, Charles Drew University, Magic Johnson Park and Shopping Center, this property provides unparalleled access to a plethora of services and at tractions. Offer subject to inspection, drive-by only. PLEASE DO NOT APPROACH THE TENANTS. ALL OFFERS DUE ON 5/8/24 AT 5 PM.
Presented by Anna Kadinowa at
Christie's AKG.
Property MLS #24-377241 from TheMLSCLAW
Full Bathrooms: 2
Heating Features: Natural Gas
Garage Spaces: 2
Garage Description: Garage - 2 Car
Parking Total: 2
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 8930
Calculated Total Monthly Association Fees: 0
Number of Units: 2
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 2600, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 2600
County: Los Angeles
Cap Rate: 2.5
Directions: Google Maps
Source Property Type: Residential Income
Area: Metropolitan South
Source Neighborhood: Metropolitan South
Parcel Number: 6148-013-013
Postal Code Plus 4: 2826
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $82706 + $121630 $204336 | $2995 |
| 2021 | $81085 + $119246 $200331 | $2952 |
| 2020 | $80254 + $118024 $198278 | $2974 |
| 2019 | $78681 + $115710 $194391 | $2871 |
| 2018 | $77139 + $113442 $190581 | $2772 |
| 2017 | $75627 + $111218 $186845 | $2712 |
| 2016 | $74145 + $109038 $183183 | $2635 |
| 2015 | $73032 + $107401 $180433 | $2597 |
| 2014 | $71602 + $105298 $176900 | $2613 |
| 2013 | $71279 + $104823 $176102 | $2608 |
| 2012 | $69882 + $102768 $172650 | $2636 |
| 2010 | $68512 + $100753 $169265 | $2589 |
| 2009 | $48709 + $216485 $265194 | $3670 |
| 2009 | $68000 + $100000 $168000 | $3670 |
| 2008 | $47754 + $212241 $259995 | $3513 |
| 2007 | $46818 + $208080 $254898 | $3389 |
$750000
TheMLSCLAW
Listed 2024-04-26
$699000
TheMLSCLAW
Listing removed 2011-01-27
$164900
SoCalMLS
Sold 2009-09-02
$168000
SoCalMLS
Price Changed 2009-08-30
$164900
SoCalMLS
Price Changed 2009-06-14
$178000
SoCalMLS
Price Changed 2009-05-24
$192000
SoCalMLS
Listed 2009-04-23
$207000
SoCalMLS
Sold 2004-07-29
$245000
Public Record
Sold 1983-07-27
$76000
Public Record
Year Built: 1947
Levels: One Level
Living Area Source: Vendor Enhanced
Property Age: 77
Levels or Stories: 1
Building Total Stories: 1
Year Built Source: Vendor Enhanced
Map directions 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.