Investor/developer opportunity which includes 2 single family residences located at 1701-1703 E. 61st. street Los Angeles Ca in 90001 area. Each home is built on it's own parcel and being sold together. These 2 parcels are adjoined and located in a SP zone district with the possibility of being allowed… Read More to build a minimum of 3 but up to 6 units on one parcel & a minimum of 4 but up to 7 units on the other, but investors are advised to do their own updated dual diligent inspections and investigations which include consulting with local building, zoning, and planning departments. The front house/parcel which is 1701 with a parcel number of 6009-008-024, is a 2 bedroom 1 bath home with a living square footage of approx. 580 built on a lot size of approx. 2923 sqft. It currently has fire damage which has affected the interior. The back house/parcel, which is 1703 61st. street with it's parcel number of 6009-008-025, is a 2 bedroom 1 bath with a living square footage of approx. 496 built on a lot size of approx. 2366 sqft.. Despite the condition, this property is an exceptional opportunity for development and expansion. This neighborhood is conveniently located near local amenities, schools, shopping centers, churches, parks etc. with easy access to major highways and public transportation. Great opportunity for multifamily housing development for a profitable investment, possible lot tie etc. if permitted by county. Note: Bedroom count, bath count, living and lot size square footage, is a total combined from both properties in advertisement. Read Less
Property listed by Executive Bankers Realty, Daniel Calderon 562-999-6999
Listing Snapshot
Days Online
23
Last Updated
Property Type
Duplex
Lot Size
0.12 Acres
Year Built
1922
MLS Number
DW24177476
30 Days Snapshot Of 90001
$
+10%
(avg) sold price
4
-60%
homes sold
85
+51%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1922, Building area total: 1,076, Levels: One, 1 story, 2 buildings, Common walls: NoCommonWalls
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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