2905 W 14th Street, Los Angeles, CA 90006
List Price: $890K
Listing Status: Active
0Days on Market: 12
4 Bedrooms · 4 Bathrooms · 1,482 sq ft
Property Type: ResidentialIncome
Year Built: 1905
Lot Size: 5,760 sq ft
MLS Number: 26866467
About This Property
- RECENTLY UPDATED! - TWO-ADU POTENTIAL! - OWNER-USER OPPORTUNITY OR INVESTMENT PROPERTY! Rare opportunity to own a versatile income-producing property with immediate rental income and significant future development potential. - Unit #1 (2 Bed / 2 Bath) is currently VACANT, offering immediate occupancy for an owner-user or the opportunity to generate additional rental income. The property has been recently improved with fresh paint and updates. - Unit #2 is currently tenant-occupied and generating rental income. - Storage #3 is a detached, high-ceiling rear structure of approximately 1,200 sq. ft., currently leased for storage and office use and generating approximately $2,100/month. The structure was previously approved for auto repair use, offering flexibility for various potential uses. Buyer to independently verify all permits, approvals, zoning, and permitted uses.Adding significant upside, the rear structure may offer the potential to convert into up to two ADUs, creating an opportunity for additional rental income and long-term appreciation. Buyer to independently verify ADU feasibility and requirements with the City of Los Angeles.Conveniently located just minutes from Koreatown, Downtown Los Angeles, USC, restaurants, shopping, schools, parks, public transportation, and major freeways.A unique opportunity combining residential income, commercial/storage income, owner-user flexibility, and substantial future development potential in a highly central Los Angeles location.
Listing provided by: Sharon Oh DRE #01712047 213-380-1500 sharon7oh@gmail.com, Redpoint Realty