8,969 Sqft Lot
8,969 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW25023556
HOA Y/N No
Year Built 1953
Annual Tax Amount $3,562
Lot Size 8,969 Sqft
Property Sub-Type Duplex
Property Description
Front 3 bd 2 bathrooms, separate building two 1 bd 1 bathroom units, ready for a new owner to renovate and/or choose their own tenants. -- Value-add potential by legalizing non-conforming spaces and/or adding ADU units.* -- High development potential for a lot size of 8,971 Sq Feet. Property is a duplex on title and use as 3 units, sold on an as-is where-is basis. *Buyer to conduct own due diligence and verify all information that is provided for reference purposes only.
There are numerous potential uses of an ADU, such as rental income, multi-generational living, or guest accommodations.
For multifamily properties, you might be allowed to convert up to 25% of the existing dwelling units into ADUs within existing space or build up to two detached ADUs. Note that new legislation, SB 1211, might expand opportunities for multifamily lots to construct up to eight detached ADUs.
While lot size plays a role in overall development, the number of ADUs permitted on a single-family lot in Los Angeles is not solely determined by the lot square footage like in this property 8,971 sq ft lot.
Location
State CA
County Los Angeles
Area Vn - Van Nuys
Zoning LAR1
Interior
Fireplace No
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Parking Features Driveway
Pool None
Community Features Urban
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 2216003038
Acceptable Financing Cash, Cash to New Loan, Conventional, FHA, Trust Conveyance
Listing Terms Cash, Cash to New Loan, Conventional, FHA, Trust Conveyance
Special Listing Condition Standard, Trust
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