Description
Rare opportunity to acquire a 935 SF single family 2 bed/1 bath fixer with RTI plans to develop a 897 SF ADU and an additional 2,272 SF two story duplex for a total of 4 units at project completion. Existing house has solar - paid off. The property is situated in the Harbor City-Wilmington neighborhood of Los Angeles less than 2 miles from Torrance and less than 10 miles from the Port of Long Beach. Seller has already obtained plan approval, utility services, preliminary soil work and widen driveway - it is ready for construction. In an area with extremely low vacancy rates in a quiet neighborhood it is an incredible value add development opportunity for an investor to rehab the existing house, and develop the ADU and duplex. See supplements for marketing brochure with proposed plans, elevations and deal analysis.
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2BEDS
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0.2ACRES
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1BATHS
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01/2 BATHS
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935SQFT
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$909$/SQFT
Description
Rare opportunity to acquire a 935 SF single family 2 bed/1 bath fixer with RTI plans to develop a 897 SF ADU and an additional 2,272 SF two story duplex for a total of 4 units at project completion. Existing house has solar - paid off. The property is situated in the Harbor City-Wilmington neighborhood of Los Angeles less than 2 miles from Torrance and less than 10 miles from the Port of Long Beach. Seller has already obtained plan approval, utility services, preliminary soil work and widen driveway - it is ready for construction. In an area with extremely low vacancy rates in a quiet neighborhood it is an incredible value add development opportunity for an investor to rehab the existing house, and develop the ADU and duplex. See supplements for marketing brochure with proposed plans, elevations and deal analysis.
Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-13T15:33:23.1. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty Masters & Associates. Licensed in the State of California, USA.