Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

2

Building size

3,024 sqft

Lot size

5,499 sqft

Year built

1920

Stories

2

Style

Contemporary

Heating

Wall Furnace

Cooling

Central Air

View

City Lights

Status

Active

Days on market

133

MLS #

242014663

About this property

OWNER SAYS BRING YOUR OFFER! GREAT INVESTMENT OPPORTUNITY FOR ONE OR TWO INVESTMENT PROPERTIES! 4 UNITS ON THE CORNER PLUS (IF YOU SO DESIRE) 2 TOWNHOUSE UNITS NEXT DOOR! AND Owner Might Finance Your Purchase! HARD TO FIND! EACH UNIT IS 2 STORIES! BUY THESE TWO TOWNHOUSE HOMES FOR YOURSELF, OR CONSIDER BUYING THESE TOWNHOUSE HOMES AND BUYING THE SEPARATELY OFFERED 4 UNIT CORNER PROPERTY NEXT DOOR (5540 LEXINGTON AVE). POSSIBLY BUYING BOTH - OR BUYING ONE OR THE OTHER! TRULY A FUTURE DEVELOPMEN SITE IN A HIGH DEMAND AREA! 1162 NORTH ST. ANDREWS PLACE 90038 PRIME LOCATION! MULTI-LOT (TWO LOTS - TWO PROPERTIES - BOTH SEPARATELY ON THE MARKET) THIS IS A CORNER LEVEL DEVELOPMENT SITE - EACH LOT SOLD SEPARATELY (THIS 2 UNIT AND THE 4 UNIT NEXT DOOR). RARE DEVELOPMENT OPPORTUNITY AT LAND VALUE PRICE - CONNECTED TO THE CORNER PROPERTY JUST NORTH, ALSO PRESENTLY ON THE MARKET (5540 LEXINGTON AVENUE 90038 LAND = 7,497 SQ. FT. - R4 ZONING - SAME OWNER). THIS RESULTS IN A MUCH LARGER DEVELOPMENT SITE WITH BOTH PROPERTIES BEING AVAILABLE FOR SALE, TRULY A SUPERIOR INVESTMENT AND AS REPORTED TO US R4 ZONING DOES NOT REQUIRE PARKING WHICH LEAVES MORE ROOM FOR ADDITIONAL RENTAL UNITS!! AND WITH MONTH-TO-MONTH TENANTS THE DEVELOPER MAY GAIN INCOME DURING THE CONSTRUCTION PROCESS! THE RENTALS ARE SEPARATELY METERED FOR ELECTRIC & GAS PLUS A HUGE PARKING COURT. LOCATED CLOSE TO DINING HOT SPOTS, GOOD SCHOOLS, TRANSPORTATION, AND THE FREEWAY IS NOT TOO FAR AWAY. THIS IS A SMART INVESTMENT OPPORTUNITY FOR A MULTI-PROPERTY CORNER DEVELOPMENT SITE - PLEASE CALL US FOR ANY QUESTIONS OR FURTHER DETAILS. AND SHOULD YOU NEED IDEAS FOR YOUR DREAM DEVELOPMENT WE WILL CONNECT YOU WITH DEVELOPERS, IF NEEDED. WE APPRECIATE YOUR INTEREST. THANK YOU!

Location

1162 N St Andrews Place

Los Angeles, Los Angeles, CA, 90038