1213 119th Street, Los Angeles, CA 90059

• Listed Price : $699,000
• Beds : N/A
  
• Baths : N/A
  
• Property Size : N/A sqft
  
• Year Built : 1947
  

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Property Description

Presenting an extraordinary opportunity with immense potential, this large lot boasts R3 zoning and ample space for development. Whether you choose to demolish the existing building and garage to construct multiple units in this R3 zoning or opt to retain the duplex, continue to collect rent and add additional units at the back, the possibilities for expansion and investment are boundless. The existing side-by-side duplex boasts well-appointed two-bedroom, one-bathroom layouts in each unit. One unit, recently renovated, features wood-like vinyl flooring, a modern kitchen with quartz countertops, and in-unit laundry. The remodeled unit will be delivered vacant and move in ready, so the new owner can live there or rent it out for market value. Meanwhile, the other well-maintained unit is occupied by a Section 8 tenant, ensuring immediate income stability. Complementing the residences, a detached two-car garage adds convenience, while the large backyard offers serene privacy amidst lush greenery. Ample parking on the driveway accommodates at least three vehicles, catering to both residents and guests. Recent upgrades, such as the installation of a new main sewer line laid the groundwork for future development. Strategically situated near major thoroughfares including the 105 and 110 freeways, as well as key amenities like the Martin Luther King Community Hospital, King Drew Magnet High School, Charles Drew University, Magic Johnson Park and Shopping Center, this property provides unparalleled access to a plethora of services and attractions. Offer subject to inspection, drive-by only. PLEASE DO NOT APPROACH THE TENANTS. ALL OFFERS DUE ON 5/8/24 AT 5 PM.

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Interior Features

Listing Information

Listing information courtesy of: Anna Kadinowa, Kirby Gillon, Christie's AKG. *Based on information from the Association of REALTORS/Multiple Listing as of May 4th, 2024 at 5:14 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.