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Description
Priced competitively at $1.399M, this unique property presents a one-of-a-kind investment opportunity in the heart of Los Angeles. Nestled in the thriving neighborhood of West LA, this LAR2 zoned lot spans 6,100 sq. ft. (41' x 149'), providing ample space for development. Currently hosting an 884+ sq. ft. cozy 2-bedroom, 1-bath house with private garage, and the property already generates a steady income of $3,200/month from a long-term, month-to-month tenant. This tenant, a single individual, has been living in the house for many years, offering a reliable source of income as you plan your next steps. Unleash the Potential: The LAR2 zoning opens up a world of possibilities. Construct a multi-unit residential building or two separate single-family homes - it's your canvas to paint your real estate masterpiece. This is a perfect opportunity for builders and developers seeking to invest in LA's booming property market and build mulit units, or for homeowners looking to create their dream home and perhaps a secondary rental unit.Location, Location, Location: The property is situated in an extremely desirable area, conveniently close to shops, restaurants, and schools. Just blocks to hip Sawtelle's Japan Town restaurants and cafe's. / This bustling locale offers the vibrancy of city living combined with the charm of a neighborhood community. Don't miss out on this opportunity to secure a property with limitless potential in one of LA's most sought-after neighborhoods. Whether you're an investor, developer, or future homeowner, this property is set to provide a significant return on investment.1924 Federal Avenue is not just a property; it's an opportunity. Turn it into your success story. Contact us today to learn more about this exceptional property and to arrange a viewing. This opportunity won't last long, so act now to secure your piece of LA's future. Invest in the future, invest in 1924 Federal Avenue. Please do not disturb tenant. In unit with accepted offer only, but can coordinate times to walk lot. See private remarks for showing instructions. Seller inspection report of home provided upon request.
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"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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 1st June, 2023 10:19 PM (UTC)
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 1st June, 2023 10:19 PM (UTC)
Listing Agent: Brian Maser
Listing Office: The Condo Experts
