$670,000
$715,000
6.3%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
4 Baths
1,680 SqFt
SOLD DATE : 07/19/2024
Key Details
Sold Price $670,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,680 sqft
Price per Sqft $398
MLS Listing ID 23336875
Sold Date 07/19/24
Bedrooms 4
Construction Status Fixer
HOA Y/N No
Year Built 1952
Lot Size 5,505 Sqft
Property Description
We are pleased to present two (2) concurrent duplexes located at 7804-7808 S Western Avenue in Los Angeles, California. The subject property is located in a solid South Los Angeles location, south of W Florence Avenue and west of S Normandie Avenue. Built in 1947 and 1952, this concurrent double-lot contains a streamlined unit mix of four (4) one-bedroom / one-bathroom bungalow style units spread across two (2) duplexes. One (1) unit will be delivered vacant. The double lot has a favorable zoning of LAC2-1VL-CPIO under the South Los Angeles implementation overlay with addition TOC incentives under tier 1, and ED 1 eligibility to eliminate parking requirements. This opens countless opportunities to add value in this changing neighborhood. The property sits between two (2) new construction residential developments, one (1) under construction to the north and one (1) 2018 construction to the south. The zoning and abutting 16ft alleyway allows the construction of seven (7) units by-right, or twenty-four (24) potential buildable units based off an increased base density per CPIO in a TOC project. Alternatively, there is also potential to build multiple ADU units in the back of the property. Situated in a solid South Los Angeles location, this offering presents an excellent opportunity for any investor or developer to capitalize on adding value in a rapidly changing market of Los Angeles.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Zoning LAC2
Interior
Heating Wall Furnace
Fireplace No
Exterior
Parking Features Gated, One Space
Pool None
View Y/N Yes
View City Lights
Porch Open, Patio
Total Parking Spaces 4
Private Pool No
Building
Lot Description Landscaped
Story 1
Entry Level One
Architectural Style Bungalow
Level or Stories One
New Construction No
Construction Status Fixer
Others
Senior Community No
Tax ID 6018032002
Special Listing Condition Standard
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Bought with Jason Tuvia • Marcus & Millichap
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "