Property listed by Coldwell Banker Realty, Danny Mahelka 310-777-6200
$749,000
Welcome to your ideal investment or personal residence in the heart of one of LA's most sought-after neighborhoods! Just a mile from the University of Southern California (USC) and USC Village, This charming 2-bedroom, 1-bathroom. Offering an ideal blend of residential comfort and strong investment potential. Inside, you'll find… Read More an inviting layout featuring original hardwood floors, a spacious living room, formal dining area, and a well-appointed kitchen equipped with appliances and an in-unit washer and dryer. The bathroom has been updated with tasteful tile and a glass-enclosed shower, adding to the home's appeal. Situated in the Adams-Normandie Historic Preservation Overlay Zone (HPOZ), this home places you in close proximity to Downtown LA, L.A. Live, the Coliseum, BMO Stadium, Expo Park, Trader Joe's, and the future Lucas Museum of Narrative Art. Commuters will appreciate the quick access to the 10 and 110 freeways, making it easy to navigate the city. Adding to the value, the property comes with RTI (Ready-To-Issue) plans to build a 2-bedroom, 1-bathroom ADU (Accessory Dwelling Unit) with a private entrance and separate address. These plans also include a second bathroom addition to the main house, offering even more functionality. Once completed, the ADU is estimated to generate approximately $3,000 per month in rental income. The main home has previously rented for $3,200 per month, making the total potential income over $6,200 per month. Attractive financing options are also available. Buyers may qualify with as little as 3% down, no PMI, and interest rates as low as 5.875% (as of 5/5/25). Additional incentives include a 2% credit toward the purchase price and $1,500 toward processing and underwriting fees. These programs are available to both first-time and repeat buyers. Read Less
Listing Snapshot
Days Online
1
Last Updated
Property Type
Single Family Residence
Beds
2
Full Baths
1
Square Ft.
1,072
Lot Size
0.06 Acres
Year Built
1906
MLS Number
25556075
30 Days Snapshot Of 90007
$625k
+64%
(avg) sold price
2
+100%
homes sold
101
+260%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Disposal, Refrigerator, Dryer, Washer
Building
Built in 1906, Building area total: 1,072, Levels: One, Living area: 1072, 1 story, Common walls: NoCommonWalls
Fireplaces
None
Floors
Tile, Wood
Heating
WallFurnace
Lot
0.0589 acres, 2,565 square feet, Size: 2,565
Parking
Public, OnStreet
Pool
None
Property
Zoning: LAR2
Spa
None
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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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