UPDATED:
12/24/2024 05:28 AM
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 1,420 sqft
Price per Sqft $394
MLS Listing ID SB24242177
Bedrooms 4
Full Baths 2
HOA Y/N No
Year Built 1920
Lot Size 6,202 Sqft
Property Description
Attention investors and developers! This 4-bedroom, 2-bathroom home near Manchester and Hoover is a complete fixer-upper with massive potential, located in Los Angeles. Sitting on a 6,200 sq foot corner parcel with an R3 zoning designation and TOC Tier 3 designation, this property offers the unique opportunity to renovate or redevelop into a multi-unit project.
Key Highlights:
R3 Zoning: Unlock the potential for multi-residential development, perfect for maximizing the lot's value and generating long-term income.
TOC Tier 3: Allows for increased density above city standards
ADU options: The property has a spacious rear yard accessed by an alley that allows for easy access and a perfect place to quickly add a second dwelling
Spacious Lot: Ample space to explore various redevelopment options, (buyer to verify zoning regulations)
Home is in need of cosmetic and interior improvement but can be quickly updated to move in condition
Prime Location: Situated in a vibrant, high-demand area with easy access to transportation, dining, shopping, and entertainment.
Whether you're looking to flip this property or start fresh with a new development, this property offers numerous possibilities for improvement. With housing demand at an all-time high, this is the perfect project for those ready to capitalize on Los Angeles' growing real estate market.
Don't let this rare opportunity slip away—contact us today to schedule a viewing and explore the full potential of this property!
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Zoning LAR3
Rooms
Main Level Bedrooms 4
Interior
Interior Features Tile Counters
Heating Floor Furnace, Natural Gas
Cooling None
Flooring Wood
Fireplaces Type Decorative, Living Room
Fireplace Yes
Appliance Water Heater
Laundry Washer Hookup, Gas Dryer Hookup, Inside
Exterior
Parking Features Gated, Off Street
Fence Block, Chain Link, Needs Repair
Pool None
Community Features Curbs, Street Lights, Suburban, Sidewalks
View Y/N No
View None
Roof Type Rolled/Hot Mop
Private Pool No
Building
Lot Description No Landscaping
Dwelling Type House
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Schools
School District Los Angeles Unified
Others
Senior Community No
Tax ID 6032019021
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
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HomeSmart Realty West
Broker | License ID: DRE#1905908
Broker License ID: DRE#1905908