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.