Listing by: Frank Shamoo, Innovate Realty, Inc., 949-295-6491

0 Beds

n/a Full bath

n/a SqFt

Active

LOT VALUE with APPROVED PLANS - Property scrapped - RTI and SB8 Cert APPROVED!! Don't miss out on this exceptional investment opportunity! This lot is being sold with approved plans to build an approximately 2,805 sq ft of total living space duplex with an ADU + garages/parking and a potential for 4th and 5th unit ADU. Spanning two floors, this spacious multi-family building offers three units with incredible income potential. The first floor features two separate units: a 2-bedroom, 1-bathroom unit spanning 787 sq ft and a 1-bedroom, 1-bathroom unit spanning 547 sq ft. These units provide comfortable and functional living spaces with an in-unit washer and dryer. Potential 4th/5th unit on the second floor presents 3 bedrooms and 2.5 bathrooms, offering 1,266 sq ft of space or split into 2 spaces making it a 5th unit. This unit provides additional room and luxurious amenities, making it an appealing choice for tenants seeking more space and upscale living. Located in a prime area, this property is a fantastic investment opportunity for seasoned investors and first-time buyers seeking a unique living arrangement. With multiple income streams from the three units, you can enjoy the potential for significant rental income. Don't delay! Take advantage of this opportunity to add a lucrative multi-family property. Schedule a showing today to explore this property’s immense potential for your investment goals. Don't miss out on this chance

Property Details
Price $580,000
Lot Size Area 4844
Lot Size Area Units Square Feet
Acres 0.1112
Property Type Land
Features Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
Exterior Features Gutters
View Neighborhood
Lot Description 0-1 Unit/Acre
Association Fee 0
Geographic Data
Directions Cross Street- S. Central Ave/E. Vernon Ave
County Los Angeles
Latitude 34.00509
Longitude -118.254996
Market Area C37 - Metropolitan South
Address Information
Address 1159 E 43rd Place, Los Angeles, CA 90011
Postal Code 90011
City Los Angeles
State CA
Country United States
Listing Information
Listing Office Innovate Realty, Inc.
Listing Agent Frank Shamoo
Listing Agent Phone 949-295-6491
Buyer Agency Compensation 2.500
Attribution Contact 949-295-6491
Buyer Agency Compensation Type %
Compensation Disclaimer The offer of compensation is made only to participants of the MLS where the listing is filed.
Special listing conditions Standard
MLS Information
Days on market 22
MLS Status Active
Listing Date Apr 4, 2024
Listing Last Modified Apr 26, 2024
Tax ID 5115033024
MLS Area C37 - Metropolitan South
MLS # OC24064291

This information is believed to be accurate, but without any warranty.
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