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408 S Avenue 20

Los Angeles, CA 90031
  • $1,025,000
  • STATUS: ACTIVE
  • ON SITE: 43 Days
  • ID#: WS22071288
UPDATED: 76 min ago
$1,025,000
  • 6
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

2 VACANT units will be delivered at the close of escrow. -- Looking for a great building opportunity, Zoned LARD2 with the possibility to build up to 9 units. Currently, rough plans have been submitted and initiated with the city of Los Angeles to begin the paperwork process to tear down the 2 buildings buildings in the back. Front unit is a Duplex (will be delivered with tenants), the other 2 back to singles will be delivered VACANT at the close of escrow. Extensive renovations and updates have been made to the front Duplex (408 & 408 ), both bathrooms have been guttered and fully updated in 2020, along with all a full gut and remodel made in 2021 to unit 408 . Back 2 units, (410 & 410 ) have also had major work and renovations made to the interior of the unit. One great option is to keep units in as-is condition to establish Fair Market Rents or take advantage of the upside potential to build bread and butter units. A spectacular location in a highly demanded area, just minutes away from Chinatown, Dodger Stadium, and Downtown Los Angeles. 2 VACANT units will be delivered at the close of escrow. -- Looking for a great building opportunity, Zoned LARD2 with the possibility to build up to 9 units. Currently, rough plans have been submitted and initiated with the city of Los Angeles to begin the paperwork process to tear down the 2 buildings buildings in the back. Front unit is a Duplex (will be delivered with tenants), the other 2 back to singles will be delivered VACANT at the close of escrow. Extensive renovations and updates have been made to the front Duplex (408 & 408 ), both bathrooms have been guttered and fully updated in 2020, along with all a full gut and remodel made in 2021 to unit 408 . Back 2 units, (410 & 410 ) have also had major work and renovations made to the interior of the unit. One great option is to keep units in as-is condition to establish Fair Market Rents or take advantage of the upside potential to build bread and butter units. A spectacular location in a highly demanded area, just minutes away from Chinatown, Dodger Stadium, and Downtown Los Angeles.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
www.lajollaagent.com/homes/127542641
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408 S Avenue 20 Los Angeles, CA 90031

  • Price: $1,025,000
  • Status: ACTIVE
  • On Site: 43 Days
  • Updated: 76 min ago
  • ID#: WS22071288
6
Beds
0
Baths
0
½ Baths
0.21
Acres
Neighborhood:
Los Angeles (90031)
County:
Los Angeles
Area:
Los Angeles (90031)
Property Description
2 VACANT units will be delivered at the close of escrow. -- Looking for a great building opportunity, Zoned LARD2 with the possibility to build up to 9 units. Currently, rough plans have been submitted and initiated with the city of Los Angeles to begin the paperwork process to tear down the 2 buildings buildings in the back. Front unit is a Duplex (will be delivered with tenants), the other 2 back to singles will be delivered VACANT at the close of escrow. Extensive renovations and updates have been made to the front Duplex (408 & 408 ), both bathrooms have been guttered and fully updated in 2020, along with all a full gut and remodel made in 2021 to unit 408 . Back 2 units, (410 & 410 ) have also had major work and renovations made to the interior of the unit. One great option is to keep units in as-is condition to establish Fair Market Rents or take advantage of the upside potential to build bread and butter units. A spectacular location in a highly demanded area, just minutes away from Chinatown, Dodger Stadium, and Downtown Los Angeles. 2 VACANT units will be delivered at the close of escrow. -- Looking for a great building opportunity, Zoned LARD2 with the possibility to build up to 9 units. Currently, rough plans have been submitted and initiated with the city of Los Angeles to begin the paperwork process to tear down the 2 buildings buildings in the back. Front unit is a Duplex (will be delivered with tenants), the other 2 back to singles will be delivered VACANT at the close of escrow. Extensive renovations and updates have been made to the front Duplex (408 & 408 ), both bathrooms have been guttered and fully updated in 2020, along with all a full gut and remodel made in 2021 to unit 408 . Back 2 units, (410 & 410 ) have also had major work and renovations made to the interior of the unit. One great option is to keep units in as-is condition to establish Fair Market Rents or take advantage of the upside potential to build bread and butter units. A spectacular location in a highly demanded area, just minutes away from Chinatown, Dodger Stadium, and Downtown Los Angeles.
Exterior Features

Pool N/K Site Sidewalks

Interior Features

Cooling Wall/Window Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 2 Total Baths Unit4 1

Property Features

Annual Expense Actual 4040 Buildings 3 Cfd Mello Roos Fee 601.0 Cfd Mello Roos Fee Reflects Year Gross Scheduled Income Actual 2394 Tenant Pays Electricity Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 894.0 Unit2 Rent Actual 1500.0 Unit3 Rent Actual 0.0 Unit4 Rent Actual 0.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Compass-Pasadena. Listing information © 2022 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
 
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