633 W 75th Street,Los Angeles, CA 90044
Los Angeles, CA 90044
Description
Maximize your real estate portfolio with this rare Los Angeles investment opportunity. This property features fully occupied, market-rate units and verified city approval to build new structures completely exempt from rent control. Currently 4.26 CAP Rate. Enjoy immediate, stable cash flow with a clear, paved path to build your next premium income stream. The existing gated property features a charming two-story building consisting of two updated units, (1) 2 bedroom and (1) 3 bedroom, 1 bathroom units. This gated complex sits on a tree lined street and has a welcoming front lawn, ample driveway parking and lot backs into an alleyway. The approved plans allow for the construction of a 2 story brand-new development. The new project will feature (4) 1 bdr, 1 bath units and (2) 2 bdr, 2 bath ADUs, each thoughtfully designed to meet the needs of modern urban living. The new building will encompass approximately 3,700 square feet on a 7006 SF square foot lot. One unit can be delivered vacant or the two front units will generate income while you build out the new units. . This property is situated just minutes from USC, LATCC, University of West LA and CAL State LA. Not to mention it is minutes from LA Memorial Coliseum, BMO Stadium , SoFi Stadium, Kia Forum, Intuit Dome, Crypto.com Arena, Dodger Stadium, and more! The property location benefits from a strong demand for rental housing offering significant long-term growth potential. This is a great opportunity for anyone looking to invest in income property in Los Angeles!
Details
| MLS # | 26832661 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1989 |
| Days On Site | 82 |
| Listing Provided By | Call It Closed International,Inc | Claudia Ghazanfary |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 2 |
| SQ Feet | 1,800 |
| Story(s) | 2 |
| Units | 2 |
| Building(s) | 1 |
| Zoning | LAR3 |
| Acreage | 0.16 |
| Property View | None |
Interior
| Cooling | None |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Fireplace Yes / No | No |
Exterior
| Roof | Composition, Shingle |
|---|---|
| Security Features | Gated Community |
| Construction Materials | Stucco |
| Lot Features | Front Yard, Rectangular Lot |
Parking
| Parking Features | Shared Driveway, On Street |
|---|
Location
| Community Features | Gated |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90044 |
| Area | C36 Metropolitan Southwest |
| Listing VS Median (in 90044) | |
Price: $869,000 low | high Med: $975,000 sqft: 1,800 low | high Med: 2,761 $ / sqft: $483 low | high Med: $447 On site: 82 low | high Med: 80.5 | |
Market Activity 90044
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90044 |
| Area | C36 Metropolitan Southwest |
| Listing VS Median (in 90044) | |
Price: $869,000 low | high Med: $975,000 sqft: 1,800 low | high Med: 2,761 $ / sqft: $483 low | high Med: $447 On site: 82 low | high Med: 80.5 | |
