Exciting Investment Opportunity!
This property is the perfect project for an investor ready to add value and see great returns. Fully zoned and designed for four units, the layout includes two spacious 2-bedroom, 1-bath units and two cozy 1-bedroom, 1-bath units. Also has the potential to add 1 or 2 units in the basement. The property is already framed, and all exterior work has been completed, saving you time and effort. All violations have been addressed and officially closed out, giving you a clean slate to move forward.
The plans are fully approved, though the permit will need renewal, and with just $150,000 in renovations, you can bring this property to life. An appraisal values the completed property at $550,000 in 2013, making this a fantastic opportunity to generate equity and rental income. Property should appraise at least 600k in 2025.
If you’re ready to invest in a project with incredible potential, don’t miss this chance! Reach out today to learn more and take the next step in building this amazing property. Looking for a fast 30 day close. All reasonable offers are welcomed and considered.
The income description goes here to explain
List Price | $275,000 |
Property Type | Fourplex (4-units) |
Usable Sqft | 1,980 |
Number of Stories | 0 stories |
Parking Spots | 0 spots |
Year Built | 1900 |
Last Sold | Unknown |
Sold Price | Unknown |
APN # | 342021200 |
MLS # | PAPH2433724 |
Property ID | 321157244 |
Lot Sqft | 1,913 |
Zoning | RM1 |
Total Units | 1 |
Days on Market | 9 |
Original List Price | Unknown |
Date Updated | January 13, 2025 |
Date Created | January 08, 2025 |
Satia Gardner an agent of . Lic #RMR003827
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2708 Wilshire Blvd #197
Santa Monica, CA 90403
California ## 01956587
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT