$715,000
7804 - 7808 Western Avenue, Los Angeles 90047
4
Beds
4
Baths
1,680
Square feet
5,504
Lot Size
4
# Of Units
Listing Agent
Jason Tuvia - Marcus & MillichapWe are pleased to present two (2) concurrent duplexes located at 7804-7808 S Western Avenue in Los Angeles, California. The subject property is located in a solid South Los Angeles location, south of W Florence Avenue and west of S Normandie Avenue. Built in 1947 and 1952, this concurrent double-lot contains a streamlined unit mix of four (4) one-bedroom / one-bathroom bungalow style units spread across two (2) duplexes. One (1) unit will be delivered vacant. The double lot has a favorable zoning of LAC2-1VL-CPIO under the South Los Angeles implementation overlay with addition TOC incentives under tier 1, and ED 1 eligibility to eliminate parking requirements. This opens countless opportunities to add value in this changing neighborhood. The property sits between two (2) new construction residential developments, one (1) under construction to the north and one (1) 2018 construction to the south. The zoning and abutting 16ft alleyway allows the construction of seven (7) units by-right, or twenty-four (24) potential buildable units based off an increased base density per CPIO in a TOC project. Alternatively, there is also potential to build multiple ADU units in the back of the property. Situated in a solid South Los Angeles location, this offering presents an excellent opportunity for any investor or developer to capitalize on adding value in a rapidly changing market of Los Angeles.
Facts & Features
MLS® # | 23336875 |
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Price | $715,000 |
Bedrooms | 4 |
Bathrooms | 4.00 |
Square Footage | 1,680 |
Lot Size | 5,504 |
Year Built | 1952 |
Type | Residential Income |
Style | Bungalow |
Status | Active |
# Of Units | 4 |
Community Information
Address | 7804 - 7808 Western Avenue |
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Area | C36 - Metropolitan Southwest |
City | Los Angeles |
County | Los Angeles |
Zip Code | 90047 |
Amenities
Parking Spaces | 4 |
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Parking | Gated, One Space |
Garages | Gated, One Space |
View | City Lights |
Is Waterfront | No |
Has Pool | No |
Pool | None |
Interior
Heating | Wall Furnace |
---|---|
Has Basement | No |
Fireplace | No |
# of Stories | 1 |
Stories | One |
Exterior
Lot Description | Landscaped |
---|
Additional Information
Date Listed | December 4th, 2023 |
---|---|
Days on Market | 155 |
Zoning | LAC2 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Jason Tuvia |
---|---|
Office | Marcus & Millichap |