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1924 Federal Avenue
Los Angeles, CA 90025
Sold
This unique property presents a one-of-a-kind investment opportunity in the heart of Los Angeles. Nestled in the thriving neighborhood of West LA, this LAR2 zoned lot spans 6,100 sq. ft. (41' x 149'), providing ample space for development. Currently hosting an 884+ sq. ft. cozy 2-bedroom, 1-bath house with private garage, and the property already generates a steady income of $3,200/month from a long-term, month-to-month tenant. This tenant, a single individual, has been living in the house for many years, offering a reliable source of income as you plan your next steps. Unleash the Potential: The LAR2 zoning opens up a world of possibilities. Construct a multi-unit residential building or two separate single-family homes - it's your canvas to paint your real estate masterpiece. This is a perfect opportunity for builders and developers seeking to invest in LA's booming property market and build mulit units, or for homeowners looking to create their dream home and perhaps a secondary rental unit.Location, Location, Location: The property is situated in an extremely desirable area, conveniently close to shops, restaurants, and schools. Just blocks to hip Sawtelle's Japan Town restaurants and cafe's. / This bustling locale offers the vibrancy of city living combined with the charm of a neighborhood community. Don't miss out on this opportunity to secure a property with limitless potential in one of LA's most sought-after neighborhoods. Whether you're an investor, developer, or future homeowner, this property is set to provide a significant return on investment.1924 Federal Avenue is not just a property; it's an opportunity. Turn it into your success story. Contact us today to learn more about this exceptional property and to arrange a viewing. This opportunity won't last long, so act now to secure your piece of LA's future. Invest in the future, invest in 1924 Federal Avenue. Please do not disturb tenant. In unit with accepted offer only, but can coordinate times to walk lot. Tenant will NOT comply with Tenant Income Certification for the SB8 Exemption.
PROPERTY INFORMATION
| MLS # | 23269633 | Lot Size | 6,097 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Single Family Residence |
| Price | $ 1,399,000
Price Per SqFt: $ 1,583 |
DOM | 716 Days |
| Address | 1924 Federal Avenue | Type | Residential |
| City | Los Angeles | Sq.Ft. | 884 Sq. Ft. |
| Postal Code | 90025 | Garage | 2 |
| County | Los Angeles | Year Built | 1941 |
| Bed / Bath | 2 / 1 | Parking | 2 |
| Built In | 1941 | Status | Closed |
| Sold Date | 2023-08-18 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | See Remarks |
| Has Fireplace | No |
| Fireplace Information | None |
| Has Spa | No |
| SpaDescription | None |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,492
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 05/18/2023 | Listed | $1,399,000 |
Topfind Realty
REALTOR®
(844)-333-8033
Questions? Contact today.
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Listing provided courtesy of Brian Maser, The Condo Experts. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
