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$1,080,000
Est. payment /mo
1 Bed
2 Baths
0.29 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID WS26100116
Bedrooms 1
Lot Size 0.289 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
This is a highly promising investment property in R3 land. Currently, there are two units with long-term, stable, and high-quality tenants: a convenience store rents for $2835 and a residential unit for $1500. Next to it is approximately 7000 sq ft of land suitable for residential development (2800 sq ft) and an ADU (Advanced Development Unit) of 800 sq ft. The existing storefront will remain unchanged, while the residential unit can be enlarged. A designer has been commissioned, and initial design drafts are available. It's close to schools and shopping malls. The city also allows daycare services in this area. In Los Angeles' booming rental market, this is a rare and excellent investment opportunity don't miss it!
Location
State CA
County Los Angeles
Zoning Assessor
Direction See Map( North of the cross of Garvey Ave and Adelia Ave
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 8581014030
Acceptable Financing Cash, Conventional, Exchange, Seller May Carry
Listing Terms Cash, Conventional, Exchange, Seller May Carry
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Listed by HSIU CHEN, DRE#02148908 HARVEST REALTY DEVELOPMENT
Nearby School & Business
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