Property listed by Jacob, Christopher & Lee Rlty, Ricardo Curtis 310-674-3863
$775,000
ATTENTION INVESTORS, BUILDERS AND DEVELOPERS! Probate investment opportunity with tremendous value-add and redevelopment potential in the heart of Los Angeles. The property features a 3-bedroom, 2-bath residence with approximately 1,254 square feet of living space on an approximately 5,001-square-foot lot.An additional permitted bonus room, created through a garage conversion, offers… Read More flexible space for a workshop, creative studio, home office or other permitted use. The bonus room may also present an opportunity for conversion or expansion into an ADU, subject to plans, permits and City approval. Investors may renovate and resell the existing improvements or explore the property's broader development potential. The lot is reportedly zoned LARD1.5, which may allow multiple residential units and could potentially accommodate a duplex, triplex or other small multifamily development. Buyers must independently verify the existing permits, bonus-room status, zoning, allowable density, ADU eligibility and all redevelopment possibilities with the City of Los Angeles. The property has substantial deferred maintenance and is ready for an experienced investor with vision. Probate sale with FULL AUTHORITY court confirmation is NOT required. Sold strictly AS IS in its present condition, with no seller repairs or credits. Due to its current condition, the property will not qualify for conventional financing. ALL-CASH OFFERS ONLY. Seller is seeking a strong, non-contingent offer and a quick, reliable closing. Renovate, repurpose or redevelop this property offers numerous possibilities. Read Less
Listing Snapshot
Days Online
52
Last Updated
Property Type
SingleFamilyResidence
Beds
3
Full Baths
2
Square Ft.
1,254
Lot Size
0.11 Acres
Year Built
1938
MLS Number
26873797
Additional Details
Building
Built in 1938, Living area: 1254.0, Levels: One
Cooling
None
Fireplaces
LivingRoom
Heating
WallFurnace
Lot
0.1148 acres, Dimensions: 40x125
Parking
Driveway
Pool
None
Property
Other structures: GuestHouse
Taxes
Parcel Number: 5067004006, Zoning: LARD1.5
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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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