1942 Chickasaw Ave, Los Angeles, CA 90041

Property Description

Attention Small Lot Developers and first time home buyers!! Great opportunity to develop or live in one unit and lease out the other unit. This is a unique property with unlimited potential located in the strong rental market of LA. Duplex boasting 1 bedroom 1 bath each. Both units are vacant. The interior includes tile and wood flooring, copper plumbing, wall heater, window AC and much more. Outside laundry hook up. The property included a third unit that was demolished however there is a credit for sewer and square footage with the city if someone wanted to rebuild. Remaining of the third unit is a one car garage that has a 10X10 office above it and a 1/4 bath that are all permitted and add an estimated 112 sq ft to the property, which can be legally rented for extra income. Seller has been paying to keep the status of that third unit. Thru lot to paper street Oak Tree Drive. Lot can also be subdivided, seller has records of an expired soil report and topography survey. Lot is 10,411 sq ft. Three separate addresses, 3 electric meters, one water meter and two gas meters. The city also allows for ADU accessory dwelling unit. Buyer to verify zoning. Motivated seller. Aggressively priced.