Property listed by Berkshire Hathaway Home Servic, Sonia Navarrete 626-440-5100
$660,000
Prime Developer / Investor Rehab Opportunity! Rare duplex with two separate structures, a 1922 front home and a 1962 rear unit, set on a 7,280 sq ft LCR2-zoned lot in a stable, high-demand East Los Angeles area near Downtown. The property is in major disrepair and requires a… Read More full overhaul, making it best suited for cash buyers, builders, or seasoned investors looking for a ground-up renovation or redevelopment project. Favorable R2 zoning on a deep lot offers compelling potential for added density, including the possibility of up to two additional ADUs (buyer to verify with the City), creating a strong path to future income and value. A long driveway with multiple parking spaces supports multi-unit use, and the site benefits from quick access to major freeways (5, 10, 60, 710), and nearby employment centers. For those ready to take on a serious rehab in a high-demand area, this property delivers the scale, zoning, and location to justify a substantial repositioning. Read Less
Listing Snapshot
Days Online
1
Last Updated
Property Type
Duplex
Lot Size
0.17 Acres
Year Built
1922
MLS Number
P1-26010
Additional Details
Appliances & Equipment
GasRange
Building
Built in 1922, 2 buildings, Levels: One
Community
StormDrains, StreetLights, Sidewalks
Cooling
None
Expenses
Operating: $23,940
Fence
Block
Fireplaces
None
Floors
Tile
Garage
1 spaces
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $72,000, Net Operating Income: $44,460
Interior Features
AllBedroomsDown
Laundry
GasDryerHookup
Lot
0.1671 acres, SprinklersNone
Parking
3 total parking spaces
Pool
None
Sewer
PublicSewer
Taxes
Parcel Number: 5231019017, Lot: 9,10
Utilities
Water Source: Public, 2 separate electric meters, 2 separate gas meters, 2 separate water meters
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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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