EXCELLENT INVESTMENT WITH GREAT POTENTIAL! The property consists of two buildings. The front building is a detached, two-story structure (Unit #801) that has undergone a beautiful, complete interior renovation. The second floor offers a lovely view and is move-in or rent-ready. The rear building lacks the necessary legal permits and… Read More is not currently suitable for rental. The Department of Regional Planning has APPROVED plans to convert the ground-floor unit into an Accessory Dwelling Unit (ADU) and the upper-floor unit into a single-family residence, providing a solid foundation for future improvements. Bring your vision and explore the potential of this unique investment opportunity! The rear patio cover must be demolished; this is covered under a separate permit.
The property is being sold in its current condition ("AS IS"). Offers must be free of contingencies. The buyer is responsible for conducting their own due diligence with the Los Angeles County Department of Regional Planning and the Department of Public Works (Building and Safety Division)—as well as any other relevant agencies—to verify property information; the buyer will assume responsibility for regularizing all permits. The buyer will be able to make use of them at the close of Escrow. This is a PROBATE SALE and is subject to court approval. Additionally, there are active video security cameras installed throughout the property; these are not included in the sale. Please do not disturb the tenant. Read Less
Property listed by Vicken Seraydarian, Perla Ruiz 213-509-6758
Listing Snapshot
Days Online
21
Last Updated
Property Type
Duplex
Lot Size
0.24 Acres
Year Built
1999
MLS Number
DW26219157
Additional Details
Building
Built in 1999, 2 buildings, 2 stories, Entry level: 1, Entry location: 1
Community
StreetLights
Cooling
None
Disclosures
SellerDisclosure, CourtConfirmation
Expenses
Insurance: $5,000, Operating: $11,000
Fireplaces
BonusRoom, Bath, None
Floors
Carpet
Garage
2 spaces
Heating
SeeRemarks, WallFurnace
Income
Gross Income: $105,600, Gross ScheduledIncome: $105,600, Net Operating Income: $94,600
Laundry
None
Lot
0.2446 acres, TwoToFiveUnitsAcre
Parking
2 total parking spaces, DoorSingle, Garage, SeeRemarks
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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