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Listed by Shira Dunn • Keller Williams Coastal Properties
$899,000
Est. payment /mo
3 Beds
2 Baths
1,296 SqFt
UPDATED:
01/17/2025 06:03 AM
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,296 sqft
Price per Sqft $693
MLS Listing ID CRSR25005652
Bedrooms 3
Full Baths 2
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1954
Lot Size 9,771 Sqft
Property Description
An incredible opportunity for developers and investors, this approximate 10,000 sq. ft. lot comes with approved plans to build a 4-unit property designed for maximum rental income potential. The plans include a main house spanning 2,358 sq. ft. with 4 bedrooms, 3 bathrooms, a 2-car garage, and a large backyard with a swimming pool, projected to generate $6,000/month in rental income. The second dwelling is planned as a 2-bedroom, 2-bathroom unit with a private yard and an estimated rental income of $3,300/month. Additionally, the plans include two 701 sq. ft. ADUs, each featuring 2 bedrooms, 1 bathroom, private access, and separate backyards, with projected rental income of $3,500/month per unit. Designed with high ceilings and modern layouts, this project offers a total estimated income of $16,300/month once completed. With an estimated construction cost of $750,000, the project delivers a projected 12% cash-on-cash return or an even higher cap rate with financing. This is a rare opportunity to build and capitalize on a lucrative investment opportunity. Plans available upon request.
Location
State CA
County Los Angeles
Interior
Heating Forced Air
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Laundry Laundry Closet, Other
Exterior
Garage Spaces 2.0
Pool None
View Other
Private Pool false
Building
Lot Description Street Light(s)
Story 1
Water Public
Schools
School District Los Angeles Unified
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