VACANT DUPLEX ON HUGE LOT WITH MR1 ZONING. This duplex is turnkey, vacant and located Mid-Wilshire/Silverlake Adjacent. Gated property with two units, 5 bedrooms and four bathrooms, two laundry rooms, two aircon units, solar panels owned by the property outright and over 10 parking spots on… Read More the property. It's on a HUGE lot with 7500 square feet of exterior space and is zoned for commercial/residential-MR1 zoning. You can also build two more ADU's on this lot under current zoning laws. This is the best investment opportunity in town, perfect for a primary residence with rental income. But wait, there's more...this property has an assumable FHA loan with an interest rate of 3.25%. It also qualifies for a $50k grant toward the down payment if you work with City National Bank and it qualifies for a $7500 grant toward closing costs through Chase Bank. There are no other investment properties like this on the market. Did I mention it's vacant on a huge lot? Reach out for more information about rental income opportunities. This lot is like no other on the market. Don't wait on this one. It's going off the market very soon. Read Less
Property listed by Compass, Jessiqa Pace 310-986-9888
Listing Snapshot
Days Online
2
Last Updated
Property Type
Multi Family
Square Ft.
1,722
Lot Size
0.17 Acres
Year Built
1915
MLS Number
PV25054594
30 Days Snapshot Of 90004
$1,668k
-34%
(avg) sold price
13
+225%
homes sold
43
-53%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1915, Building area total: 1,722, 1 building
Cooling
CentralAir
Expenses
Insurance expense: $3,000, Maintenance expense: $7,000, Operating expense: $51,966, Water sewer expense: $3,000, Other expense: $2,592
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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