7804 - 7808 Western Avenue, Los Angeles

$715,000

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4 Beds
4 Baths
1,680 Sqft
.13 Acre
0 Garage

We are pleased to present two (2) concurrent duplexes located at 7804-7808 S Western Avenue in Los Angeles, California. The subject property is located in a solid South Los Angeles location, south of W Florence Avenue and west of S Normandie Avenue. Built in 1947 and 1952, this concurrent double-lot contains a streamlined unit mix of four (4) one-bedroom / one-bathroom bungalow style units spread across two (2) duplexes. One (1) unit will be delivered vacant. The double lot has a favorable zoning of LAC2-1VL-CPIO under the South Los Angeles implementation overlay with addition TOC incentives under tier 1, and ED 1 eligibility to eliminate parking requirements. This opens countless opportunities to add value in this changing neighborhood. The property sits between two (2) new construction residential developments, one (1) under construction to the north and one (1) 2018 construction to the south. The zoning and abutting 16ft alleyway allows the construction of seven (7) units by-right, or twenty-four (24) potential buildable units based off an increased base density per CPIO in a TOC project. Alternatively, there is also potential to build multiple ADU units in the back of the property. Situated in a solid South Los Angeles location, this offering presents an excellent opportunity for any investor or developer to capitalize on adding value in a rapidly changing market of Los Angeles.

Essential Information

MLS® #
23336875
Price
$715,000
Bedrooms
4
Bathrooms
4.00
Square Footage
1,680
Acres
0.13
Year Built
1952
Type
Residential Income
Style
Bungalow
Status
Active

Community Information

Address
7804 - 7808 Western Avenue
Area
C36 - Metropolitan Southwest
City
Los Angeles
County
Los Angeles
Zip Code
90047
Senior Community
N

Amenities

Parking Spaces
4
Parking
Gated, One Space
Garages
Gated, One Space
View
City Lights
Pool
None

Interior

Heating
Wall Furnace
# of Stories
1
Stories
One

Exterior

Lot Description
Landscaped

Additional Information

Date Listed
December 4th, 2023
Days on Market
152
Zoning
LAC2

Listing Details

Agent
Jason Tuvia
Office
Marcus & Millichap
Property History
Price Reduced from $725,000 to $715,000
Status Changed from Active Under Contract to Active
Status Changed from Active to Active Under Contract
Status Changed from Active Under Contract to Active
Status Changed from Active to Active Under Contract

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Based on information from California Regional Multiple Listing Service, Inc. as of May 4th, 2024 at 9:25pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.