$1,400,000
$1,200,000
16.7%For more information regarding the value of a property, please contact us for a free consultation.
4,393 SqFt
SOLD DATE : 03/20/2024
Key Details
Sold Price $1,400,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 4,393 sqft
Price per Sqft $318
MLS Listing ID P1-16383
Sold Date 03/20/24
Year Built 1954
Lot Size 0.406 Acres
Property Description
Welcome to an outstanding value-add, development, and investment opportunity in a prime location! This 5-unit single-story complex near Foothill Blvd. provides convenience and proximity to retail amenities and holds significant potential for Accessory Dwelling Units (ADUs). The expansive lot offers the prospect of adding extra units, promising enhanced rental income for savvy investors. With LAR3 zoning, the property presents a remarkable development opportunity, allowing for a 22-unit apartment complex by right and up to 35 units with density bonuses. This unique flexibility positions the property as an ideal investment for those looking to capitalize on the ever-growing demand for housing in Los Angeles.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Fireplaces Type Decorative
Laundry None
Exterior
Garage Parking Space, Street, Asphalt
Pool None
Community Features Sidewalks
View Y/N No
View None
Building
Lot Description Sprinklers
Sewer Sewer Paid
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Lic# 01770909 | 01834114