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Listed by Allan Vides • Realty Executives
$1,049,000
Est. payment /mo
1,818 SqFt
UPDATED:
11/07/2024 03:11 AM
Key Details
Property Type Single Family Home, Multi-Family
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 1,818 sqft
Price per Sqft $577
MLS Listing ID CRSR24198899
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1940
Lot Size 8,108 Sqft
Property Description
This unique Duplex with a newly added ADU (Total 3 Units) is located between Paxton and Van Nuys Blvd. This property offers a prime investment opportunity with tremendous income potential or enjoy it as owner-users while benefiting from the brand-new ADU and room for added value. Zoned LAR2 (Tier 3 TOC) on an 8,108 sq. ft. lot, it provides numerous development possibilities, including increased residential density in an affordable housing incentive area. This property offers a newly added 2-bed, 2-bath unit (10556 Laurel Cyn), making it a great opportunity for living in one unit while renting out the others, as this unit will be delivered vacant. Units 10558 Laurel Cyn a 1-bed and 1-bath and 10558 1/2 Laurel Cyn 2-bed and 2-bath will be delivered with tenants. Two out of the three units have recently undergone complete updates, including laminate flooring, recessed lighting, new doors, tankless water heaters, new HVAC system and newly cemented lot. Its flexible configuration, zoning advantages, and prime location near major freeways such as the 5, 118, 170, 405 and 118 freeways, make it ideal for investors and owner user alike!
Location
State CA
County Los Angeles
Interior
Heating Central
Cooling Central Air
Flooring Vinyl
Fireplace No
Appliance Tankless Water Heater
Laundry No Hookups
Exterior
Handicap Access Other
Parking Type Assigned, Other, Private
Building
Lot Description Front Yard
Water Public
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