Development Dream Opportunity in Ladera/Westchester/Los Angeles! This property, zoned R3, is located in a dynamic and highly sought-after area, making it an ideal investment for developers. It offers a substantial buildable area, perfect for a larger multifamily residential project. With a generous lot size and significant allowable floor area, this… Read More parcel is poised to maximize your investment in a prime location. Property Details: Units 4; (2 x 2 Bedroom/1 Bath and 2 x 1 Bedroom/1 Bath) Features: Each unit includes in-unit washer & dryer hookups. Occupancy: Upon closing, 2 of the units will be delivered vacant, perfect for an owner-occupy buyer. Rent Status: All units are currently rented on a month-to-month basis. The property is conveniently located near the 405 freeway, LAX airport, shops, and restaurants, making it an attractive option for future tenants. Interior inspections will be subject to a written offer, loan approval, and proof of funds to close. Buyers are advised to do their due diligence regarding all information provided by the seller. The sellers are flexible and motivated, offering this property at a great value with endless possibilities. Please do not disturb the tenants. Read Less
Property listed by Yolanda Washington, Yolanda Washington 323-571-0872
Listing Snapshot
Days Online
89
Last Updated
Property Type
Other
Beds
7
Square Ft.
3,567
Lot Size
0.18 Acres
Year Built
1955
MLS Number
24423813
30 Days Snapshot Of 90045
$1,596k
-17%
(avg) sold price
16
-40%
homes sold
61
-15%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1955, Building area total: 3,567, Levels: MultiSplit, Living area: 3567, 4 buildings
Cooling
None
Expenses
Gardener expense: $600, Insurance expense: $3,000, New taxes expense: $18,750, Trash expense: $900, Water sewer expense: $3,000
Fireplaces
None
Garage
4 spaces
Heating
Central
Income
Net operating income: $73,800
Lot
0.1812 acres, 7,893 square feet, Size: 7,893
Parking
4 totals parking, Garage
Property
Zoning: LAR3
Roof
Composition
Tenant Pays
Electricity, Gas
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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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