$763,500
$699,000
9.2%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
1 Bath
690 SqFt
SOLD DATE : 08/01/2024
Key Details
Sold Price $763,500
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 690 sqft
Price per Sqft $1,106
MLS Listing ID P1-18248
Sold Date 08/01/24
Style Detached
Bedrooms 2
Full Baths 1
HOA Y/N No
Year Built 1926
Lot Size 4,861 Sqft
Acres 0.1116
Property Description
A wonderful opportunity awaits in one of the highly sought after neighborhoods in the vibrant Northeast LA! The property features a recently remodeled 1 bedroom, 1 bath home, plus a lower level that already started and mostly completed finishings for a JRADU unit, there are must a few items needed to wrap up permitting for this unit. In addition, there is also RTI plans approved by the city included and ready for you to build a detached ADU unit. This property offers tremendous potential for an owner-user with tons of potential for market rents to help subsidize your mortgage or makes for an ideal rental investment for the investor looking to capture tremendous equity build up with the value-add of 2 additional units and excellent performing cap rate with 3 units at market rent. Conveniently located within minutes to DTLA, USC medical Ctr, Pasadena, Glendale, and minutes from the trendy Fig & York corridor in Northeast LA!
A wonderful opportunity awaits in one of the highly sought after neighborhoods in the vibrant Northeast LA! The property features a recently remodeled 1 bedroom, 1 bath home, plus a lower level that already started and mostly completed finishings for a JRADU unit, there are must a few items needed to wrap up permitting for this unit. In addition, there is also RTI plans approved by the city included and ready for you to build a detached ADU unit. This property offers tremendous potential for an owner-user with tons of potential for market rents to help subsidize your mortgage or makes for an ideal rental investment for the investor looking to capture tremendous equity build up with the value-add of 2 additional units and excellent performing cap rate with 3 units at market rent. Conveniently located within minutes to DTLA, USC medical Ctr, Pasadena, Glendale, and minutes from the trendy Fig & York corridor in Northeast LA!
Location
State CA
County Los Angeles
Area Los Angeles (90032)
Interior
Flooring Other/Remarks
Equipment Microwave, Refrigerator
Appliance Microwave, Refrigerator
Exterior
Fence Other/Remarks
Total Parking Spaces 2
Building
Lot Description Curbs
Lot Size Range 4000-7499 SF
Sewer Public Sewer
Water Public
Level or Stories 1 Story
Others
Acceptable Financing Cash To New Loan
Listing Terms Cash To New Loan
Special Listing Condition Standard
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Bought with Daniel Portillo • eXp Realty of California, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "