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$ 949,000
Est. payment | /mo
3 Beds
4 Baths
1,482 SqFt
$ 949,000
Est. payment | /mo
3 Beds
4 Baths
1,482 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,482 sqft
Price per Sqft $640
MLS Listing ID 26851071
Bedrooms 3
HOA Y/N No
Year Built 1905
Lot Size 5,758 Sqft
Property Description
Recently Upgraded! Excellent ADU Potential! Owner-User Dream Opportunity! Unit #1 (2 Bed / 2 Bath) is currently VACANT, offering immediate occupancy for an owner-user or the opportunity to generate additional rental income. The property has been recently improved with fresh paint and updates, enhancing its overall appeal.Income Unit #2 is tenant-occupied and currently generating rental income.Income Unit #3 consists of a detached high-ceiling rear structure of approximately 1,200 sq ft. The building is currently leased as storage and office space, generating approximately $2,100 per month in rental income. The rear structure has previously been approved for auto repair use, providing additional flexibility and potential commercial use opportunities (Buyer to verify all permits, approvals, and permitted uses).Adding to its value, the rear structure may offer the potential to convert into up to two ADU units (Buyer to independently verify with the City), creating substantial future rental income and long-term appreciation potential.Located just minutes from vibrant Koreatown, this centrally located property offers strong in-place income with significant upside potential. Conveniently situated near popular restaurants, shopping, parks, schools, public transportation, Downtown Los Angeles, USC, and major freeways.A rare opportunity to acquire a versatile income-producing property featuring residential and commercial income, owner-user flexibility, and exceptional future development potential in one of Los Angeles' most desirable central locations.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LAR2
Interior
Heating Baseboard
Fireplace No
Appliance Microwave, Dryer, Washer
Exterior
Parking Features Assigned
Building
Faces South
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5074002013
Special Listing Condition Standard
Listed by Sharon Oh Redpoint Realty #01712047
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "