Discover your ideal haven on this expansive corner lot, situated in one of the most sought-after locales. Opportunities like this are rare! Currently, the property features a reliable tenant generating $3,300 monthly, amounting to $39,600 annually, with a lease in place until July 2025, ensuring stability and income.
Your possibilities are endless: purchase the property as-is with the existing tenant, or envision building a stunning new three-level single-family home with a 2-car garage. Alternatively, consider the potential for four 2-bedroom rental units, which could yield an impressive $16,000 in monthly income. Newly constructed homes in this area can sell for between $2,500,000 and $3,200,000.
The seller is open to financing options for the right developer, making this an exceptional investment opportunity. If you’re considering a different vision, a 60- to 90-day notice for the tenant is negotiable. Don’t miss out on this chance to create your dream property—seize the moment!
The income description goes here to explain
List Price | $1,300,000 |
Property Type | Single Family Homes |
Usable Sqft | 1,655 |
Number of Stories | 0 stories |
Parking Spots | 1 spots |
Year Built | 1938 |
Last Sold | Unknown |
Sold Price | Unknown |
APN # | 17339000 |
MLS # | VAAX2033244 |
Property ID | 294294651 |
Lot Sqft | 14,325 |
Zoning | R 12 |
Days on Market | 250 |
Original List Price | Unknown |
Date Updated | November 02, 2024 |
Date Created | April 19, 2024 |
Sebrin Adem an agent of . Lic #0225209963
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2708 Wilshire Blvd #197
Santa Monica, CA 90403
California ## 01956587
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT