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$ 1,449,400
Est. payment | /mo
7 Beds
4 Baths
3,045 SqFt
$ 1,449,400
Est. payment | /mo
7 Beds
4 Baths
3,045 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 3,045 sqft
Price per Sqft $475
MLS Listing ID CL24428211
Bedrooms 7
Full Baths 4
HOA Y/N No
Year Built 1950
Lot Size 0.476 Acres
Acres 0.4759
Property Description
Great investment opportunity! This nearly half-acre corner lot features two houses and offers great potential for expansion. You could subdivide the property and/or add more structures. The property is already generating impressive cash flow and stands out due to access, corner lot, lot shape and size. It is perfect for investors as well as owner users who want to expand their budget and live in one of the homes while using the income from the ADU to help with the qualification for a loan. The detached 3-bed/2 bath ADU was newly built in 2019. You can live in one and rent out the other, or rent out both and collect double the rental income. Total current income $7,450. There maybe a potential to build a total of 4 more units and/or go through the SB9 lot split process to divide the property into two. The property is conveniently located within walking distance to schools and dining, with easy access to the 405 freeway. Buyers should verify all information independently and not rely on the information on the MLS. The ADU is generating $3500 and the house $3950.
Location
State CA
County Los Angeles
Area Listing
Zoning LARS
Interior
Interior Features Family Room
Heating Central
Cooling Central Air
Flooring Tile
Fireplaces Type None
Fireplace No
Exterior
Pool None
View Y/N false
View None
Total Parking Spaces 2
Private Pool false
Building
Story 1
Architectural Style Traditional
Level or Stories One Story
New Construction No
Others
Tax ID 2651020031
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Ashkan Manzar • Privilege Realty
GET MORE INFORMATION
Kenneth Jamaca
Managing Broker | REALTOR | License ID: 02080040
+1(925) 413-1849 | kenneth@jcastlegroup.com