FOR SALE
$715,000

7804 S Western Avenue
Los Angeles, CA 90047

Multi-Family
Residential
4
Beds
1,680
Sq. Ft.
0.13
Acre Lot
Courtesy: Jason Tuvia - Marcus & Millichap; Email: [email protected]
Agent Websites> California> Los Angeles> 90047
We 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
CL23336875
Multi-Family, Other
4
Los Angeles
1952
0.13 Acres
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Courtesy: Jason Tuvia - Marcus & Millichap; Email: [email protected]

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