Property listed by SAND MANAGEMENT GROUP, CARLOS SANDOVAL 818-652-9817
$799,000
Rare RTI value-add opportunity at 924 South Euclid Avenue. The property is currently improved with an existing income-producing duplex with tenants in place, allowing for immediate in-place cash flow while executing an approved expansion strategy.
The offering includes Ready-To-Issue (RTI) plans for two identical, detached ADUs, plus an approved permit for… Read More demolition of the existing garage. All plans are approved under the 2022 California Building Codes, with permits ready to be pulled, significantly reducing entitlement risk and development timeline.
Each ADU is designed with 2 bedrooms, 2 bathrooms, full kitchen, in-unit laundry, and dedicated closet space, and each unit carries its own independent ½ address per approved plans. Identical layouts support construction efficiency, cost control, and operational consistency.
This is a clear path to increasing density and long-term asset value while preserving existing rental income—ideal for small-scale multifamily developers, builders, or owner-operators seeking a shovel-ready project.
Full approved building plans available upon submission of an offer. Buyer to independently verify all plans, permits, zoning, square footage, addressing, tenant information, and final permit issuance fees with the local Department of Building and Safety. Property sold as-is. Read Less
Listing Snapshot
Days Online
19
Last Updated
Property Type
Duplex
Lot Size
0.13 Acres
Year Built
1908
MLS Number
MB26012209
Additional Details
Building
Built in 1908, 1 building, 2 stories, Levels: Two, Entry level: 1, Entry location: street
Community
Urban
Cooling
CentralAir
Fireplaces
None
Heating
Central, NaturalGas
Income
Gross ScheduledIncome: $3,662, Net Operating Income: $43,944
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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