Property listed by eXp Realty of California Inc, Corey Trevor 888-584-9427
$1,375,000
Income Property! Adjacent 2,700 sqft lot may be available as well to keep as Cottage units, or to possibly build a compound, inquire within. Currently configured as (2) 2 bed/2 bath Two-Story Cottages plus separate Two-Story ADU, unpermitted, each Cottage is ~ 1095 sqft, ADU is ~ 400… Read More sqft, 30' x 90' Lot. Potential to meet the code requirements to complete the project with alterations or convert back to (2) 1b/1b Cottages with attic spaces plus garage or bonus structure, with buyer's investigation/permit approval from the City, buyer to conduct due diligence. 1 Cottage is occupied with tenants. Incredible location - Just 2.5 Blocks From The Beach! and 1.5 Blocks From Abbott Kinney! The Bohemian-chic Abbot Kinney neighborhood offers world-class dining, shopping, entertainment, and a vibrant art & music scene, against a postcard backdrop of lush palm trees, sandy beaches, sailboats, and sunsets. As-built construction was not permit approved. Buildable square footage to be determined by buyer's investigation/permit approval. Comparable sized lots in the neighborhood & same Zone LARD1.5; 404 Linnie Canal: 2,849 sqft Lot, has been issued LA City Coastal Commission permits for a 3,551 square foot home, plus garage and 732 square foot roof deck with a permitted pool/spa. 421 Carroll Canal: 2,400 sqft Lot, Building Permits are ready to go for a 3,473 SF state-of-the-art, tri-level single family home. Read Less
Listing Snapshot
Days Online
24
Last Updated
Property Type
Other
Beds
5
Square Ft.
2,590
Lot Size
0.06 Acres
Year Built
1923
MLS Number
25544167
30 Days Snapshot Of 90291
$2.40M
-10%
(avg) sold price
20
-16%
homes sold
79
-2%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dishwasher, Disposal, Refrigerator, Dryer, Washer
Building
Built in 1923, Building area total: 2,590, Levels: Two, Living area: 2590, 2 stories, 3 buildings, Architectural style: Cottage, Common walls: NoCommonWalls
Cooling
WallWindowUnits
Fireplaces
None
Floors
Wood
Heating
Electric
Income
Gross income: $64,800, Net operating income: $63,600
Laundry
InKitchen
Lot
0.062 acres, 2,701 square feet, Size: 2,701
Parking
None
Property
Zoning: LARD1.5, None
Tenant Pays
Electricity, Gas
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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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