Listing by: Mohamed Hassan, NextHome Milestone, 818-741-6969

5 Beds

3 Baths

1,540 SqFt

Pending

**Attention Investors & Savvy owner-occupied buyers alike! Exceptional Investment Opportunity! VACANT!!! Spacious, permitted legal duplex—plus an additional third unit—is now available on a generous 7,146 sq. ft. lot. Zoned LACR2 With Ready to Issue (RTI) plans already in place for two additional Accessory Dwelling Units (ADUs) totaling additional 1,000 sq. ft.to be added 2 two bedrooms, this property is primed for growth. Alley access provides separate rear entry. The owner completed a full remodel of the entire property, including all new roof and all-new plumbing under the house. The kitchen features fresh white cabinets with quartz countertops, and both the interior and exterior have been freshly painted. Updated lighting fixtures, electrical panels, new shower fixtures, bathroom vanities enhance the property, along with new waterproof vinyl flooring and metal fencing. Current rental estimates are promising: the front unit could generate $2,500+, while the back 2-bedroom, 1-bath unit may yield around $4,000, along with an additional studio in the spacious backyard. This totals approximately $6,500 per month! Alternatively, you can live in the studio and rent the two larger units for a total of $5,000 monthly. Approved ADUs expected to add another $5,000+ monthly, this property represents a significant cash flow opportunity. *Key Features:* Separate water and gas meters for 2 unit, minimizing overhead costs. Two separate driveway entrances: a front driveway accommodating up to 2-4 vehicles and a rear driveway for 4. A large, fenced backyard ready for your vision. Conveniently located near freeways and major transportation including the Metro Blue Line. It's also across Washington Park, schools, vibrant Avalon Gardens and Hacienda Village neighborhoods. Being just outside Los Angeles city limits! means less restrictive regulations for development. Architectural and engineering plans included, most permits already paid. The buyer can easily transfer plans right before construction. Build now or later—the choice is yours! Don’t miss this incredible investment opportunity! Property functions effectively as a triplex, as the front units have been split to create two separate units. Enjoy a quiet street just a short walk from an arts academy, a large park with soccer field, basketball courts, pools, and the Washington Park Center. Don’t let this incredible investment slip away! Seize the chance to transform your future and create lasting legacy today!

Property Details
Price $819,900
Bedrooms 5
Full Baths 3
Total Baths 3
Lot Size Area 7148
Lot Size Area Units Square Feet
Acres 0.1641
Property Type Residential
Sub type Triplex
MLS Sub type Triplex
Stories 1
Year Built 1910
View None
Heating Electric
Lot Description Level with Street
Laundry Features Gas Dryer Hookup,In Closet,Outside,Washer Hookup
Pool features None
Parking Description Controlled Entrance,Driveway - Combination
Parking Spaces 0
Garage spaces 0
Association Fee 0
Geographic Data
Directions Firestone blvs make a turn on Maie st to 90th
County Los Angeles
Latitude 33.955502
Longitude -118.244606
Market Area WATT - Watts
Address Information
Address 1639 E 90th Street, Los Angeles, CA 90002
Postal Code 90002
City Los Angeles
State CA
Country United States
Listing Information
Listing Office NextHome Milestone
Listing Agent Mohamed Hassan
Listing Agent Phone 818-741-6969
Attribution Contact 818-741-6969
Compensation Disclaimer The offer of compensation is made only to participants of the MLS where the listing is filed.
Special listing conditions Standard
Ownership None
School Information
District Los Angeles Unified
MLS Information
Days on market 18
MLS Status Pending
Listing Date Oct 12, 2024
Listing Last Modified Nov 22, 2024
Tax ID 6044005037
MLS Area WATT - Watts
MLS # SR24212131

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