Listing by: Levon Arzumanyan, The Agency - Studio City

5 Beds

2 Baths

1,709 SqFt

Active

Fantastic investment or development opportunity situated in the City of Los Angeles. The property, currently configured as a duplex, boasts zoning classification RD2 on an expansive 7,491 Sq.Ft lot with alley access, qualifying for TOC Tier 3. This prime location offers flexibility for various developments, including the addition of ADUs, multi-unit construction, or even ED-1 development. The unit at 3023 Obama presents two bedrooms, while 3025 offers three bedrooms alongside a garage, each showcasing unique charm and generous living spaces. Additionally, the property features an expansive backyard and a lengthy driveway, enhancing its desirability. This adaptable investment affords the option of residing in one unit while leasing out the other, presenting a multitude of opportunities. Strategically positioned just minutes away from prominent landmarks such as USC, Exposition Park, BMO Stadium (LAFC), Natural History Museum, California Science Center, DTLA, SoFi Stadium, Crypto Center, shopping centers, and major freeways, this property boasts a highly sought-after location in the heart of Los Angeles. Seize the opportunity to acquire this exceptional property, with both units currently occupied by tenants and no plans for vacancy upon transfer.

Property Details
Price $949,000
Bedrooms 5
Full Baths 2
Total Baths 2
Lot Size Area 7493
Lot Size Area Units Square Feet
Acres 0.172
Property Type Residential
Sub type Duplex
MLS Sub type Duplex
Stories 1
Year Built 1944
View None
Lot Description 0-1 Unit/Acre
Laundry Features Inside
Pool features None
Parking Spaces 1
Garage spaces 1
Association Fee 0
Geographic Data
Directions South of Exposition
County Los Angeles
Latitude 34.020577
Longitude -118.329693
Market Area 699 - Not Defined
Address Information
Address 3023 Obama Boulevard, Los Angeles, CA 90018
Postal Code 90018
City Los Angeles
State CA
Country United States
Listing Information
Listing Office The Agency - Studio City
Listing Agent Levon Arzumanyan
Buyer Agency Compensation 2.500
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
School Information
District Los Angeles Unified
MLS Information
Days on market 7
MLS Status Active
Listing Date Apr 25, 2024
Listing Last Modified May 2, 2024
Tax ID 5044011014
MLS Area 699 - Not Defined
MLS # GD24083319

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