2146 Fargo St, Echo Park, CA 90039

Property Description

Do you investors like shovel ready projects with plans that are ready to go? Then this is your project! The property is zoned LAR2. This project is a tear down with plans for two optional strategies. Plans for Option 1 include: A 2147 sq. ft. front home with 3 Bedrooms and 3 bathrooms, with a 162 square foot deck, and a 707 sq. ft garage; The plans for the second home on the lot are for a 2,172 sq.ft. home, with 3 bedrooms and 3 bathrooms in the rear, a 216 sq. ft. deck, a 720 square foot garage, and a 413 sq.ft. 1 bedroom and 1 bathroom ADU. Plans for Option 2. A 2,465 sq. ft. 4 bedroom home with 3 bathrooms, 148 sq. ft. covered patio, and a 531 sq. ft. garage. An ADU or secondary home could also be added in the rear. The architects have done a masterful job at utilizing space with great design! The play: Build and flip, or build and hold for a nice rental income on 2-3 units. You could also be an end user who wants to live in a unit and have the other units pay towards your mortgage. Many possibilities in this active area!! Please do your own due diligence and research new construction and rents for new construction. Plans will be shared with serious qualified buyers. Property to be purchased as-is. All utilities have been capped and turned off. Demolition is permitted and ready to go! Quote for demolition and removal is $33,500 with removal of the complete structure including: -structure -foundation -slab * Company will get the sewer line to pass inspection. -lot clean up and grading * Demolition Company will remove all trash and debris * Demolition Company will clean and grade all lot area - Demolition Company will remove all driveway asphalt and concrete. See supplements.