2 Houses for SALE - Exceptional Value Add Opportunity (Inglewood)
Description
The Space & Details
About This Housing
Overview of the Property
An outstanding real estate investment opportunity is now presented. This exclusive off-market listing includes two residential buildings situated on a spacious 9,455 square foot lot.
This is a prime investment chance due to its desirable location near parks, recreational amenities, and convenient access to both Inglewood and Downtown Los Angeles. It is a remarkable opportunity for developers and investors alike.
The property, zoned LR3, offers substantial development potential. Both houses are currently livable and comply with all municipal codes. The first unit features two bedrooms and one bathroom, while the second unit has one bedroom and one bathroom.
Options include renovating the existing structures or pursuing a full redevelopment. Plans have been proposed to construct an apartment building with up to seven units, a use permitted under the R3 zoning designation.
A particularly spacious basement in the main home has effectively served the current owner as a workshop for many years.
The property is located at West 81st Street in Los Angeles, California, 90044.
It is listed at an attractive price of $855,000 to encourage a quick sale.
Interested parties are strongly encouraged to act on this opportunity. Property viewings are strictly by appointment only.
This offer is for principal buyers only; real estate agents are not invited to participate.