$1,200,000
$1,550,000
22.6%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
2 Baths
1,175 SqFt
SOLD DATE : 02/07/2024
Key Details
Sold Price $1,200,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,175 sqft
Price per Sqft $1,021
MLS Listing ID SW23185561
Sold Date 02/07/24
Bedrooms 2
Full Baths 2
HOA Y/N No
Year Built 1906
Lot Size 7,518 Sqft
Property Sub-Type Single Family Residence
Property Description
Attention, investors!
This property is an incredible investment opportunity that you don't want to miss! Situated within the highly sought-after USC-DPS Patrol & Response zone, it is perfectly positioned for the development of new student housing. Its close proximity to the university and the growing demand for student housing make it an ideal choice. Plus, with a generous lot size of 7,520 square feet and LARD2 zoning, this property offers a fantastic chance to maximize your cash flow in a prime location.
But that's not all! This property also has the advantage of having access from the back on Exposition Blvd, positioning it right across from the Metro Expo Line station. Additionally, it's just a short distance away from the iconic Exposition Park, home to renowned landmarks like the LA Coliseum, the new LAFC Stadium, and the upcoming George Lucas Museum of Narrative Art. What's more, Exposition Park is set to host numerous significant activities and events during the 2028 LA Olympics.
To ensure a successful investment, we strongly recommend conducting thorough due diligence and verifying all information with the city. It's also advisable to research the local real estate market, university enrollment trends, and any relevant regulations related to student housing. If you're looking for an exceptional investment opportunity that offers a prime location, tremendous growth potential, and endless possibilities, search no further! This property is being sold as is and is a probate listing. Title shows as a duplex but it is a single house. Tax assessor rolls shows exemption as homeowner.
Investors, seize this extraordinary opportunity.
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Zoning LARD2
Rooms
Main Level Bedrooms 2
Interior
Interior Features All Bedrooms Down
Cooling See Remarks
Fireplaces Type None
Fireplace No
Laundry See Remarks
Exterior
Parking Features Off Street
Pool None
Community Features Curbs, Street Lights, Suburban, Sidewalks
Utilities Available Sewer Connected
View Y/N No
View None
Roof Type Composition
Private Pool No
Building
Lot Description Value In Land
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Schools
School District Los Angeles Unified
Others
Senior Community No
Tax ID 5040013008
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Probate Listing
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP

Bought with Danny Navarro Century 21 Allstars