Vacant Spanish Duplex on large 7,000 sq ft RD1.5 lot in prime West Adams. This is a great opportunity for an investor or owner user with both RTI plans for four 1,900 sq ft single family homes (small lot subdivision), Opportunity Zone location, and a rent ready existing duplex. The existing duplex has great original layouts including large front living rooms with porch or front yard access and classic Spanish windows bringing in lots of light. Dining with office nook, modernized kitchens with dishwashers and separate laundry and pantry areas. Hallways to two good sized bedrooms and rear bathroom with good natural light. The site has a new concrete driveway to rear parking and four garages. The location is walking distance to neighborhood hangouts Highly Likely, Party Beer, Johnny's Pastrami / Bar, and all the creative employment on Jefferson Blvd. Just a short bike ride from Farmdale Ave Expo Line Station giving access to the Expo Line stations from Downtown to Santa Monica Pier. If you are looking to build, the hard work on the subdivision, three years of entitlement delays with the City of LA, and over $150,000 in entitlement work is done. End values for the four single family homes range from $1.25m to $1.3m for each unit, with great rental potential and no City of LA rent control. The structures are three and four story's, 3 bed 3.5 bath, with roof decks and great south facing views over the Baldwin Hills.
Listing Agent: Giles Donovan 01898418 Courtesy of: Donovan Real Estate Brokerage "All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 2nd December, 2022 10:41 PM (UTC)