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.