3 Beds
2 Baths
1,296 SqFt
3 Beds
2 Baths
1,296 SqFt
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,296 sqft
Price per Sqft $678
MLS Listing ID SR25005652
Style Detached
Bedrooms 3
Full Baths 2
Construction Status Fixer
HOA Y/N No
Year Built 1954
Lot Size 9,771 Sqft
Acres 0.2243
Property Sub-Type Detached
Property Description
An incredible opportunity for developers and investors, this approximate 10,000 sq. ft. lot comes with approved plans to build a 4-unit property designed for maximum rental income potential. The plans include a main house spanning 2,358 sq. ft. with 4 bedrooms, 3 bathrooms, a 2-car garage, and a large backyard with a swimming pool, projected to generate $6,000/month in rental income. The second dwelling is planned as a 2-bedroom, 2-bathroom unit with a private yard and an estimated rental income of $3,300/month. Additionally, the plans include two 701 sq. ft. ADUs, each featuring 2 bedrooms, 1 bathroom, private access, and separate backyards, with projected rental income of $3,500/month per unit. Designed with high ceilings and modern layouts, this project offers a total estimated income of $16,300/month once completed. With an estimated construction cost of $750,000, the project delivers a projected 12% cash-on-cash return or an even higher cap rate with financing. This is a rare opportunity to build and capitalize on a lucrative investment opportunity. Plans available upon request.
Location
State CA
County Los Angeles
Area Reseda (91335)
Zoning LARS
Interior
Cooling Wall/Window
Laundry Closet Full Sized, Outside
Exterior
Garage Spaces 2.0
Fence Masonry
View Neighborhood
Total Parking Spaces 2
Building
Lot Description Sidewalks
Story 1
Lot Size Range 7500-10889 SF
Sewer Public Sewer
Water Public
Level or Stories 1 Story
Construction Status Fixer
Others
Monthly Total Fees $23
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
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