1159 43rd Place, Los Angeles

$580,000

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0 Bed
0 Bath
.11 Acre
0 Garage

LOT VALUE with APPROVED PLANS - Property scrapped - RTI and SB8 Cert APPROVED!! Don't miss out on this exceptional investment opportunity! This lot is being sold with approved plans to build an approximately 2,805 sq ft of total living space duplex with an ADU + garages/parking and a potential for 4th and 5th unit ADU. Spanning two floors, this spacious multi-family building offers three units with incredible income potential. The first floor features two separate units: a 2-bedroom, 1-bathroom unit spanning 787 sq ft and a 1-bedroom, 1-bathroom unit spanning 547 sq ft. These units provide comfortable and functional living spaces with an in-unit washer and dryer. Potential 4th/5th unit on the second floor presents 3 bedrooms and 2.5 bathrooms, offering 1,266 sq ft of space or split into 2 spaces making it a 5th unit. This unit provides additional room and luxurious amenities, making it an appealing choice for tenants seeking more space and upscale living. Located in a prime area, this property is a fantastic investment opportunity for seasoned investors and first-time buyers seeking a unique living arrangement. With multiple income streams from the three units, you can enjoy the potential for significant rental income. Don't delay! Take advantage of this opportunity to add a lucrative multi-family property. Schedule a showing today to explore this propertyā€™s immense potential for your investment goals. Don't miss out on this chance

Essential Information

MLS® #
OC24064291
Price
$580,000
Bathrooms
0.00
Acres
0.11
Type
Land
Status
Active

Community Information

Address
1159 43rd Place
Area
C37 - Metropolitan South
City
Los Angeles
County
Los Angeles
Zip Code
90011
Community Features
Gutter(s)
Senior Community
N

Amenities

View
Neighborhood

Utilities

Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Exterior

Lot Description
0-1 Unit/Acre

Additional Information

Date Listed
April 3rd, 2024
Days on Market
31
Zoning
LAR2

Listing Details

Agent
Frank Shamoo
Office
Innovate Realty, Inc.
Property History
Price Reduced from $590,000 to $580,000
Price Reduced from $600,000 to $590,000

LISTING MAP

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Based on information from California Regional Multiple Listing Service, Inc. as of May 5th, 2024 at 12:55am 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.