$1,250,000
For Sale

1021 W 94th Street

Los Angeles, CA 90044
1316 sqft | 3 beds | 1 bath | #25510213
Type:Purchase
Structure:House
Zone:Residential

Description

Development Opportunity in Prime Los Angeles Area. Build 5 Units Located in the highly sought-after area of Los Angeles. This development opportunity offers the perfect blend of rental income and future potential. The existing single-family home provides immediate rental income of $3,300 per month, while approved plans are in place to build 5 units on the property.The existing structure is) 3 bedrooms, 2 bathroom (1,316 sq ft), and is currently generating $3,300/month in rental income. Approved plans includes architect and engineering documents for 5 units. The project will consist of 3 units and 2 Accessory Dwelling Units (ADUs), each with 3 bedrooms, 2 bathrooms at1,200 sq ft per unit. Wood frame structure designed to reduce both time and construction costs. RtI already approved. This is an exceptional opportunity for developers and investors looking to create a multi-unit residential property in a thriving Los Angeles neighborhood. Buyer to conduct their own due diligence with the city, and verify all development details. The property next door at 1023 W. 94Th St is up for sale offering additional space to build more units. Seller Motivated!!

  • Property Details
      • Lot DescriptionAlley Paved, Front Yard, Fenced Yard, Curbs, Sidewalks, Yard
      • Property SubtypeSingle Family Residence
      • School DistrictLos Angeles Unified
      • CoolingCeiling Fan
      • Cooling FeaturesCeiling Fan
      • CountyLos Angeles
      • Original List Price$1,250,000
      • StoriesOne Level
      • Sewer InformationIn Street
      • WaterIn Street
      • Parking GarageDriveway
      • Property TypePurchase
      • ZoningLCR320U*
      • MLS #25510213
      • MLS #25510213
      • HeatingCentral
      • Cost1250000
      • Pool DescriptionFenced
      • Parking TypeGarage
      • Square Feet1316
      • Year Built1924
      • Price Per Sqft$949
      • Bedrooms3
      • Bathrooms1
      • Full Baths1

Location

Bib Scott | Windermere Real EstateReal Estate Group
OR

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