Situated on a 6,057.2 sq ft lot in the Southeast Los Angeles Community Plan area, this rare investment opportunity offers both immediate rental income and significant redevelopment potential. The property features two tenant-occupied units, both identical in size with 4 bedrooms and 2 bathrooms: a front residence built in 1947… Read More and a rear residence constructed in 2003. With R3-XL-CPIO zoning and location within a Transit Oriented Communities (TOC) Tier 3 and State Density Bonus eligibility area, the site provides multiple density pathways, ranging from a base entitlement of 7–8 units to as many as 20 units under applicable incentives such as TOC, State Density Bonus, and SELA CPIO programs (buyer to verify). The front unit is subject to the Los Angeles Rent Stabilization Ordinance (RSO) and AB 1482 protections, while the back unit is subject to AB 1482, offering stability of tenancy alongside clear legal frameworks for future planning. Conveniently located near major transit corridors, shopping, dining, schools, and recreation, this parcel presents an exceptional opportunity for builders, developers, or investors seeking both current cash flow and long-term upside in a rapidly evolving Los Angeles submarket. Read Less
Property listed by Equity Union, Stephanie Vitacco 818-298-6458
Listing Snapshot
Days Online
3
Last Updated
Property Type
Duplex
Beds
8
Full Baths
4
Square Ft.
2,220
Lot Size
0.14 Acres
Year Built
1947
MLS Number
SR25260283
Additional Details
Property Access
Frontage Type: CityStreet, Road Surface: Paved
Appliances & Equipment
GasRange, RangeHood
Building
Built in 1947, Living area: 2220.0, Living area units: SquareFeet, 1 storey, Levels: One, Entry level: 1, Entry location: front door, Construction Materials: Frame, Stucco
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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