$640,000
$574,900
11.3%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
1 Bath
884 SqFt
SOLD DATE : 10/01/2024
Key Details
Sold Price $640,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 884 sqft
Price per Sqft $723
MLS Listing ID CV23139711
Sold Date 10/01/24
Bedrooms 2
Full Baths 1
HOA Y/N No
Year Built 1923
Lot Size 5,510 Sqft
Property Description
BACK ON THE MARKET! INCREDIBLE INVESTMENT OPPORTUNITY IN EAST LOS ANGELES! ZONED R3 WITH ADDITIONAL UNIT POTENTIAL! Welcome to this 2-bedroom, 1-bathroom home built in 1923, ideally situated on a corner lot in the heart of East Los Angeles. The property boasts a generously-sized lot with multiple entrances and a detached garage at the back. Investors, take note of the fantastic R3 zoning, offering the possibility to add more units to the property. Verify the potential use and zoning with the city/county to unlock its full potential. Though the property requires some tender loving care (TLC), its abundant potential makes it a true diamond in the rough. The location is highly desirable, providing easy access to major freeways, proximity to Downtown Los Angeles, the convenience of being near East L.A. College, shopping centers, parks, restaurants, and public transportation options. Additionally, the nearby Metro Train Station makes it easy to explore the city. Take advantage of the potential this property holds and turn it into a lucrative investment in one of Los Angeles's most promising communities. Act quickly as opportunities like this are rare!
Location
State CA
County Los Angeles
Area Ela - East Los Angeles
Zoning LCR3*
Rooms
Main Level Bedrooms 2
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Appliance Gas Cooktop, Water Heater
Laundry None
Exterior
Garage Door-Single, Driveway, Garage
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Street Lights, Sidewalks
View Y/N Yes
View Neighborhood
Attached Garage No
Total Parking Spaces 2
Private Pool No
Building
Lot Description Corner Lot, Front Yard
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Schools
School District Los Angeles Unified
Others
Senior Community No
Tax ID 5240001032
Acceptable Financing Cash, Conventional, FHA, Submit, VA Loan
Listing Terms Cash, Conventional, FHA, Submit, VA Loan
Financing FHA
Special Listing Condition Standard, Trust
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Bought with Wendy Miranda • Keller Williams SELA
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REALTOR® | Lic# 02111780