$875,000
$899,999
2.8%For more information regarding the value of a property, please contact us for a free consultation.
1 Bed
1 Bath
608 SqFt
SOLD DATE : 11/15/2021
Key Details
Sold Price $875,000
Property Type Single Family Home
Sub Type SingleFamilyResidence
Listing Status Sold
Purchase Type For Sale
Square Footage 608 sqft
Price per Sqft $1,439
MLS Listing ID SR21185568
Sold Date 11/15/21
Bedrooms 1
Full Baths 1
HOA Y/N No
Year Built 1922
Lot Size 7,466 Sqft
Property Description
Do you investors like shovel ready projects with plans that are ready to go? Then this is your project! The property is zoned LAR2. This project is a tear down with plans for two optional strategies. Plans for Option 1 include: A 2147 sq. ft. front home with 3 Bedrooms and 3 bathrooms, with a 162 square foot deck, and a 707 sq. ft garage; The plans for the second home on the lot are for a 2,172 sq.ft. home, with 3 bedrooms and 3 bathrooms in the rear, a 216 sq. ft. deck, a 720 square foot garage, and a 413 sq.ft. 1 bedroom and 1 bathroom ADU. Plans for Option 2. A 2,465 sq. ft. 4 bedroom home with 3 bathrooms, 148 sq. ft. covered patio, and a 531 sq. ft. garage. An ADU or secondary home could also be added in the rear. The architects have done a masterful job at utilizing space with great design! The play: Build and flip, or build and hold for a nice rental income on 2-3 units. You could also be an end user who wants to live in a unit and have the other units pay towards your mortgage. Many possibilities in this active area!! Please do your own due diligence and research new construction and rents for new construction. Plans will be shared with serious qualified buyers. Property to be purchased as-is. All utilities have been capped and turned off. Demolition is permitted and ready to go! Quote for demolition and removal is $33,500 with removal of the complete structure including: -structure -foundation -slab * Company will get the sewer line to pass inspection. -lot clean up and grading * Demolition Company will remove all trash and debris * Demolition Company will clean and grade all lot area - Demolition Company will remove all driveway asphalt and concrete. See supplements.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Zoning LAR2
Rooms
Main Level Bedrooms 1
Interior
Cooling None
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Pool None
Community Features Lake, Suburban
View Y/N Yes
View CityLights
Private Pool No
Building
Lot Description Item01UnitAcre
Story 1
Entry Level One
Sewer PublicSewer
Water Public
Level or Stories One
New Construction No
Schools
School District Los Angeles Unified
Others
Senior Community No
Tax ID 5422020009
Acceptable Financing Cash, CashtoNewLoan, Conventional
Listing Terms Cash, CashtoNewLoan, Conventional
Financing Cash
Special Listing Condition Standard
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Bought with Seth Hamilton • Citivest Realty Services, Inc
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "