7804 Western Avenue

Los Angeles, CA 90047

$715,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $425 / sqft

1952

calendar_month Built

Property Description

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 for any investor or developer to capitalize on adding value in a rapidly changing market of Los Angeles.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 7804 Western Avenue
City Los Angeles
State CA
Zip 90047
County Los Angeles
Listing Agent Jason Tuvia DRE#01772495
Courtesy Of Marcus & Millichap
MLS 23336875
List Price $715,000
Status Active
Type Residential Income
Structure Size N/A
Lot Size 5,504
Year Built 1952
DOM 154

Exterior Information

Maps

Listing information courtesy of: Jason Tuvia, Marcus & Millichap . *Based on information from the Association of REALTORS/Multiple Listing as of May 3rd, 2024 at 11:44 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.