4049 MICHAEL Ave, Los Angeles, CA 90066

Property Description

Build your dream home or build another unit in the back. Plenty of room to build and with the new law you can build a separate unit on the property. Prices are going up! Now is the time. Hurry don't wait $1,249,000. It is a 1935 2 bedroom 1 bath 708 sq ft house with a 1 bed 1 bath 328 sq ft guest house for a total of 1036 sq ft of living space on a 5500 sq ft lot. The guest house is a conversion of the 1 car garage 10' x 16'=160 sq ft + the attached workshop of 12 'x 14'=168 sq ft for a total of 328 sq ft. The garage and workshop are Accessory Buildings that were permitted by the City of Los Angeles in 1935. I have the permits! I received copies of the original permits directly from the City of Los Angeles Building and Safety. Based on the new State law SB 2299 AB 1069 effective 01/01/2017 and my guest house is in a Legally Permitted Accessory Building, it can be converted "by-right" for an Accessory Dwelling Unit Conversion. The property is being rented out for $3500 a mon