2111 E 118th Street, Los Angeles, CA 90059
List Price: $725K
Listing Status: Active
0Days on Market: 0
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1950
Lot Size: 8,902 sq ft
Garage Spaces: 2
Private Pool: Yes
MLS Number: DW26192040
About This Property
INCOME-PRODUCING DUPLEX WITH LA HOUSING APPROVED PLANS FOR 3RD UNIT! Two detached 2-bedroom, 1-bath residences with individual laundry areas situated on an approximately 8,899 SF lot. The property currently generates rental income from both existing residences. Approved plans are in place for an approximately 900 SF, 2-bedroom, 1.5-bath ADU with laundry at the rear of the property. An additional conceptual development scenario explores removal of the existing approximately 366 SF garage and construction of three detached residential units at the rear while retaining both existing residences, potentially resulting in 5 total residential units. The conceptual rear units have been modeled at approximately 900 SF each with 2 bedrooms, 1.5 baths and laundry. Existing property features include separate gas and electric meters serving the two residences and one water meter. Buyer to independently verify permits, approved plans, square footage, zoning, unit configuration and all development possibilities with the appropriate governmental agencies. The three-unit rear development concept is not currently approved and is subject to feasibility review and all required governmental approvals. **Possession of the larger of the two existing units may be delivered to the buyer at closing**. SEE ATTACHED SUPPLEMENTS FOR DETAILS.
Listing provided by: Jimmy Alexander DRE #01876523 951-238-8322 Jimmy@Jimmy-Alexander.com, Opus Terra Properties
Source: CRMLS