Prime Development Opportunity – Unlock the Full Potential!
An exceptional opportunity for investors and developers to capitalize on this versatile property with multiple pathways for a high-ROI project. Currently seller has plans with the city under SB9 which include a 2-story duplex totaling 2,200 sqft and two 2-story ADUs, each 1,200 sqft, resulting in 4 independent units — perfect for maximizing rental income or resale. For visionary developers, SB1123 offers the potential to expand even further, allowing the construction of 8 to 12 units, significantly increasing the value and long-term profitability. Whether you choose to stick with the existing plans or scale up for a larger multi-unit project, both options promise strong returns. Strategic Location; situated on a street already featuring successful developments, with more on the horizon. Close to public transportation, major freeways (405 HWY), and a thriving working-class community — ensuring high tenant demand. This is the perfect project for experienced developers looking to either hold and rent or sell upon completion. Don’t miss out on this lucrative opportunity in a growing neighborhood! Buyers to perform their own investigations.
The income description goes here to explain
List Price | $1,350,000 |
Property Type | Single Family Homes |
Usable Sqft | 2,557 |
Number of Stories | 2 stories |
Parking Spots | 2 spots |
Year Built | 1924 |
Last Sold | Unknown |
Sold Price | Unknown |
HOA Fees: | $0 |
Association Name: | Unknown |
Association Amenities: | Unknown |
APN # | 2656020003 |
MLS # | SR25031677 |
Property ID | 321285611 |
Lot Sqft | 17,968 |
Zoning | LARS |
Total Units | 1 |
Days on Market | 10 |
Original List Price | $1,350,000 |
Date Updated | February 20, 2025 |
Date Created | February 11, 2025 |
Andres Hoyos Rodriguez an agent of Sync Brokerage, Inc.. Lic #01879623
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of February 20, 2025 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.
2708 Wilshire Blvd #197
Santa Monica, CA 90403
California ## 01956587
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT