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Listing Details

Status
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On Site
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On Market
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MLS #
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Neighborhood
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Type
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Built
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County
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Area
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School Ratings & Info

Description

Introducing this excellent investment opportunity to redevelop this single family home with the already approved plans for a 7 bedroom, 3.5 bathroom single family home or build a multi unit! Home has been completely gutted and is ready to develop. There is a newly built 2 car garage on the property to use for parking, storage or even convert into another living space for additional income (upon city approval). With just a quick 5 minute walk to downtown Los Angeles shopping, restaurants, hotels and entertainment, this could also be an ideal investment as a short term rental such as airbnb. This property is zoned Tier1 R3 Transit Oriented Communities (TOC) with TOC guidelines providing for reduced parking and setback requirements. (Buyer and buyer's agent to do their due diligence and verify all zoning and TOC rules and regulations with the Los Angeles department of Building and Safety).

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-19T12:27:52.31. 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 deemed reliable but is not guaranteed accurate by the MLS or The Kohler Group | Zutila. Licensed in the State of California, USA.
www.buysocal.homes/homes/119970900
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741 Columbia Avenue Los Angeles (City), CA 90017

  • Price: $1,150,000
  • Status: Active
  • Updated: 36 min ago
  • ID#: SW21169662
0
Beds
0
Baths
0
½ Baths
0.11
Acres
1901
Built
Neighborhood:
C42 - Downtown L.A.
County:
Los Angeles
Area:
C42 - Downtown L.A.
Property Description
Introducing this excellent investment opportunity to redevelop this single family home with the already approved plans for a 7 bedroom, 3.5 bathroom single family home or build a multi unit! Home has been completely gutted and is ready to develop. There is a newly built 2 car garage on the property to use for parking, storage or even convert into another living space for additional income (upon city approval). With just a quick 5 minute walk to downtown Los Angeles shopping, restaurants, hotels and entertainment, this could also be an ideal investment as a short term rental such as airbnb. This property is zoned Tier1 R3 Transit Oriented Communities (TOC) with TOC guidelines providing for reduced parking and setback requirements. (Buyer and buyer's agent to do their due diligence and verify all zoning and TOC rules and regulations with the Los Angeles department of Building and Safety).
Exterior Features

Lot Features Near Public Transit Number Of Separate Electric Meters 1 Parking Total 2 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls Heating Central Heating YN Yes

Property Features

Additional Parcels YN No Common Interest None Community Features SidewalksUrban Garage YN Yes Gross Income 0 Gross Scheduled Income 0 Insurance Expense 0 Land Lease YN No Laundry Features See Remarks Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashSubmit Net Operating Income 0 New Construction YN No Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 0 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Water Source Public Zoning Lar3

Listing provided courtesy of Talia King of Higher Realty Inc


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-19T12:27:52.31. 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 deemed reliable but is not guaranteed accurate by the MLS or The Kohler Group | Zutila. Licensed in the State of California, USA.
 
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The Kohler Group | Zutila
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