Description
Great opportunity to own a Duplex Zoned LAR3 in the Historic South Central area, appx. less than 2 miles from the University of Southern California (USC). Property features two separate units. The front unit is a Transitional Craftsman Style home with a front porch. It features 3 spacious bedrooms and 2 bathrooms. A nice size living room, formal dining room and kitchen. Central air and heating was recently installed. House has newer laminate flooring. The second Unit/Rear Unit features 1 bedroom, 1 bath and will be delivered vacant. This unit does need remodeling. It has the potential for the new buyer to add a second bedroom or build a new two-story unit (Need to check with City for requirements). Rear unit has a private rear yard spacious enough to park a vehicle. There is a nonconforming additional third unit which is a Studio attached to the front unit which is also rented. Property has a rear laundry room. Some fruit trees; lime, lemon, orange and guava. 1,962 square footage of living space and 6,501 square footage of lot size. Property is centrally located near Downtown LA. This area offers investor/buyer a significant upside in future rental potential due to the dense rental area and the major construction developments in the area. This includes the new seven story development being built on Adams/Grand which will have 296 units of housing and 5,000 square feet of commercial space. Also, the new Multi-Housing development, featuring 105 residential units along with commercial space spanning an area of 7,300 square feet. Property is also near LA Live, Banc of California Stadium, LA Memoria Coliseum, Crypto.com Arena, Dodger Stadium, Union Station, restaurants, 10 & 110 Freeways and much more. This property is a must see!!!
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4BEDS
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0.15ACRES
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0BATHS
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01/2 BATHS
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1,962SQFT
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$433$/SQFT
School Ratings & Info
Description
Great opportunity to own a Duplex Zoned LAR3 in the Historic South Central area, appx. less than 2 miles from the University of Southern California (USC). Property features two separate units. The front unit is a Transitional Craftsman Style home with a front porch. It features 3 spacious bedrooms and 2 bathrooms. A nice size living room, formal dining room and kitchen. Central air and heating was recently installed. House has newer laminate flooring. The second Unit/Rear Unit features 1 bedroom, 1 bath and will be delivered vacant. This unit does need remodeling. It has the potential for the new buyer to add a second bedroom or build a new two-story unit (Need to check with City for requirements). Rear unit has a private rear yard spacious enough to park a vehicle. There is a nonconforming additional third unit which is a Studio attached to the front unit which is also rented. Property has a rear laundry room. Some fruit trees; lime, lemon, orange and guava. 1,962 square footage of living space and 6,501 square footage of lot size. Property is centrally located near Downtown LA. This area offers investor/buyer a significant upside in future rental potential due to the dense rental area and the major construction developments in the area. This includes the new seven story development being built on Adams/Grand which will have 296 units of housing and 5,000 square feet of commercial space. Also, the new Multi-Housing development, featuring 105 residential units along with commercial space spanning an area of 7,300 square feet. Property is also near LA Live, Banc of California Stadium, LA Memoria Coliseum, Crypto.com Arena, Dodger Stadium, Union Station, restaurants, 10 & 110 Freeways and much more. This property is a must see!!!
Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-25T13:43:06.753. 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.