Neema Ahadian
This listing was posted on RealtyWW.
$1,100,000
Home For Sale In Los Angeles, California
Price:
$1,100,000
BR/BA:
5 BR, 5 BA
Location:
1420 W 39th St, Los Angeles, CA
Description:
This is a multifamily investment opportunity at 1420 W 39thSt in the Exposition Park neighborhood of Los Angeles, located just west of Normandie Ave and one mile from theUniversity of Southern California. The property features two structures, a fourplex and a free-standing bungalow at the rear of the property; the unit mix consists of three two-bedrooms and two one-bedrooms plus dens; the property will be delivered with RTI plans to build two one-bedroom ADU's (435 SF each); tenants currently use the back of the property for parking. The property is being offered at $248 PSF with substantial rental upside of over 126%; the ADU's can be built immediately and existing units can be brought to market over time as units turn. Alternatively, the 9, 731 SF lot zoned LARD2 presents development potential through AB 2345 that could allow for unlimited density and an expedited entitlement process through Executive Directive 1 if a 100% affordable housing project is pursued (Buyer to verify). Located in a dense, infill location of Los Angeles with an easy commute to USC, Downtown and Crenshaw; close to multiple Metro local lines on Western Ave and Normandie Ave and a half-mile from the Expo/Western MetroRail Station.For more details: https://realtyww.info/homes_los-angeles-d523223/for-sale_i71828370
Property Type:
Single-Family Houses
Posted:
May 14 on RealtyWW
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More About this Listing: Home For Sale In Los Angeles, California
Home For Sale In Los Angeles, California is a Five Bedroom 5.5 Bath Single-Family Homes for Sale at 1420 W 39th St in Los Angeles CA. Find other listings like Home For Sale In Los Angeles, California and listings near 1420 W 39th St by searching Oodle Classifieds for Five Bedroom 5.5 Bath Single-Family Homes for Sale in Los Angeles CA.
Home For Sale In Los Angeles, California is a Five Bedroom 5.5 Bath Single-Family Homes for Sale at 1420 W 39th St in Los Angeles CA. Find other listings like Home For Sale In Los Angeles, California and listings near 1420 W 39th St by searching Oodle Classifieds for Five Bedroom 5.5 Bath Single-Family Homes for Sale in Los Angeles CA.