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624 W 80th Street

Los Angeles (City), CA 90044
  • $950,000
  • STATUS: Active
  • ON SITE: 62 Days
  • ID#: SR23183041
UPDATED: 20 min ago
$950,000
  • 0
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1947
County:

School Ratings & Info

Listing Agent(s): Herbert Rivas of Klovus Realty (323-643-9162)


Description

Location! and opportunity! This is a rare opportunity to acquire a property that has all the necessary plan permits from the city of Los Angeles to transform one of the front houses from a two-bedroom unit to a brand new three-bedroom unit. Plus, you can build an ADU on the property, as the permit application is already in progress and expected to be approved by November this year. Furthermore, the property will be ready to have separate water meters for each unit. This property has a lot of potential on a huge lot size of over 9000 square feet. The location is also very convenient with easy access to the freeways and anywhere in Los Angeles. This property is a unique opportunity for anyone looking for a large and flexible living space. It has four buildings on the lot, one of which is a five-car garage that will be transformed into an ADU. The owner has already submitted a new plan permit and anticipates receiving the ADU permit from the city planning by November this year. This will add more value and functionality to the property, which can accommodate different needs and preferences of buyers or renters.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-03T22:25:45.427. 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 Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.
www.twissrealty.com/homes/143965314
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624 W 80th Street Los Angeles (City), CA 90044

  • Price: $950,000
  • Status: Active
  • On Site: 62 Days
  • Updated: 20 min ago
  • ID#: SR23183041
0
Beds
0
Baths
0
½ Baths
0.21
Acres
1947
Built
Neighborhood:
C37 - Metropolitan South
County:
Los Angeles
Area:
C37 - Metropolitan South
Property Description
Location! and opportunity! This is a rare opportunity to acquire a property that has all the necessary plan permits from the city of Los Angeles to transform one of the front houses from a two-bedroom unit to a brand new three-bedroom unit. Plus, you can build an ADU on the property, as the permit application is already in progress and expected to be approved by November this year. Furthermore, the property will be ready to have separate water meters for each unit. This property has a lot of potential on a huge lot size of over 9000 square feet. The location is also very convenient with easy access to the freeways and anywhere in Los Angeles. This property is a unique opportunity for anyone looking for a large and flexible living space. It has four buildings on the lot, one of which is a five-car garage that will be transformed into an ADU. The owner has already submitted a new plan permit and anticipates receiving the ADU permit from the city planning by November this year. This will add more value and functionality to the property, which can accommodate different needs and preferences of buyers or renters.
Exterior Features

Entry Level 1 Entry Location Street Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 4 Open Parking Spaces 7 Parking Features Assigned Parking Total 7 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street

Interior Features

Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Urban Contingency Subject To interior inspection. Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 42588 Gross Scheduled Income 42588 Insurance Expense 1100 Land Lease YN No Laundry Features Inside Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventionalFha 203(K)Fha Maintenance Expense 1100 Net Operating Income 33117 New Construction YN No New Taxes Expense 12375 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 3 Operating Expense 9471 Pest Control Expense 350 Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 10612 Tenant Pays Cable TvElectricityGasTrash Collection Total Actual Rent 3473 Trash Expense 0 Utilities Electricity AvailableNatural Gas ConnectedWater Connected Water Sewer Expense 7000 Water Source Public Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-03T22:25:45.427. 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 Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.
 
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Twiss Realty Group - Brokered by EXP
5036 Highway 140
Mariposa CA, 95338
Listing Agent(s): Herbert Rivas of Klovus Realty (323-643-9162)