Property listed by Nest Seekers, Maryna Pototska 310-278-8861
$885,000
Investment opportunity in the heart of Los Angeles, also known as 7301 Towne Ave. This property is situated on a large corner lot and features a single-family home and a duplex, offering three units in total. With its desirable R2 zoning, this property presents incredible potential for adding value, whether… Read More through upgrading the existing units, increasing rents to market rates, or developing an ADU. With a 4% cap rate, this property is perfect for investors seeking steady returns with room to grow. The spacious corner lot allows for creative development opportunities, making it an ideal choice for those looking to maximize income potential or create additional living spaces. Located in a convenient area close to schools, parks, and public transportation, this property combines solid investment fundamentals with the opportunity to enhance its value. Read Less
Listing Snapshot
Days Online
16
Last Updated
Property Type
Other
Beds
4
Square Ft.
1,846
Lot Size
0.15 Acres
Year Built
1937
MLS Number
25477221
30 Days Snapshot Of 90003
$589k
0%
(avg) sold price
0
-100%
homes sold
110
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1937, Building area total: 1,846, Levels: One, Living area: 1846, 1 story, 3 buildings
Cooling
None
Income
Gross income: $48,048, Net operating income: $35,412
Lot
0.1542 acres, 6,716 square feet, Size: 6,716
Parking
None
Property
Zoning: LAR2
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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