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$825,000
Est. payment /mo
3 Beds
2 Baths
1,254 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,254 sqft
Price per Sqft $657
MLS Listing ID 26873797
Bedrooms 3
Full Baths 2
HOA Y/N No
Year Built 1938
Lot Size 5,000 Sqft
Property Sub-Type Single Family Residence
Property Description
ATTENTION INVESTORS, BUILDERS AND DEVELOPERS! Probate investment opportunity with tremendous value-add and redevelopment potential in the heart of Los Angeles. The property features a 3-bedroom, 2-bath residence with approximately 1,254 square feet of living space on an approximately 5,001-square-foot lot.An additional permitted bonus room, created through a garage conversion, offers flexible space for a workshop, creative studio, home office or other permitted use. The bonus room may also present an opportunity for conversion or expansion into an ADU, subject to plans, permits and City approval. Investors may renovate and resell the existing improvements or explore the property's broader development potential. The lot is reportedly zoned LARD1.5, which may allow multiple residential units and could potentially accommodate a duplex, triplex or other small multifamily development. Buyers must independently verify the existing permits, bonus-room status, zoning, allowable density, ADU eligibility and all redevelopment possibilities with the City of Los Angeles. The property has substantial deferred maintenance and is ready for an experienced investor with vision. Probate sale with FULL AUTHORITY court confirmation is NOT required. Sold strictly AS IS in its present condition, with no seller repairs or credits. Due to its current condition, the property will not qualify for conventional financing. ALL-CASH OFFERS ONLY. Seller is seeking a strong, non-contingent offer and a quick, reliable closing. Renovate, repurpose or redevelop this property offers numerous possibilities.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LARD1.5
Rooms
Other Rooms Guest House
Interior
Heating Wall Furnace
Cooling None
Fireplaces Type Living Room
Furnishings Unfurnished
Fireplace Yes
Exterior
Parking Features Driveway
Pool None
View Y/N Yes
Private Pool No
Building
Entry Level One
Architectural Style Traditional
Level or Stories One
Additional Building Guest House
New Construction No
Others
Senior Community No
Tax ID 5067004006
Special Listing Condition Probate Listing
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Listed by Ricardo Curtis Jacob, Christopher & Lee Rlty #01464851
NEARBY SCHOOL & BUSINESS
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