CALLING ALL INVESTORS! This unique property is currently a 101-year old bungalow with a detached garage with an apartment upstairs as well as a basement with a bedroom, bath and den as well as a 2/2 on the main floor HOWEVER - this property is a double lot and the greatest and best use would be to build 8-10 townhomes instead as there are townhomes across the street! Putting in 1500-1700. sf townhomes and selling them for $400-500K estimate would be over $2M AFTER expenses allowing $300K for knockdown and rezone! The lot is deeded as a double lot and would need to be rezoned from RS-50 or you can build a second duplex on the back property as well. LOTS of potential and can be built in stages and have a rental income while building on the back lot as well. Not located in an evacuation zone! ALSO a picnic shelter with brick barbque on the property as well. The existing structures have new plumbing, new electrical, new a/c heat pump, whole house water filtration, a newer metal roof and solar too!
The income description goes here to explain
| List Price | $524,900 |
| Property Type | Duplex (2-units) |
| Usable Sqft | 2,800 |
| Number of Stories | 0 stories |
| Parking Spots | 1 spots |
| Year Built | 1923 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | A2428183EH00005100004.0 |
| MLS # | TB8318534 |
| Property ID | 321026472 |
| Lot Sqft | 10,000 |
| Zoning | RS-50 |
| Total Units | 2 |
| Days on Market | 411 |
| Original List Price | $489,900 |
| Applicances | Convection Oven, Dryer, Microwave, Range, Refrigerator, Washer, Water Filtration System% |
| Date Updated | December 13, 2024 |
| Date Created | November 06, 2024 |
Denise Becknell PA an agent of . Lic #3039698
© 2025 STELLAR MLS. All rights reserved. Some listings on this website are from STELLAR as of December 13, 2024 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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2708 Wilshire Blvd #197
Santa Monica, CA 90403
California #02062862
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT