1924 Federal Ave
1924 Federal Ave
1924 Federal Ave
1924 Federal Ave
1924 Federal Ave
1924 Federal Ave
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$1,200,000

1924 Federal Ave

2 Beds 1 Bath 884 Sq.Ft.

Description

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.

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Location

1924 Federal Ave, Los Angeles, CA 90025

Status

Sold
Brian Maser

Brian Maser

TITLE

Founder | Broker Associate

Property Amenities

Interior
Laundry room Other
Fireplace None
Appliances None
Flooring Other
Total Bedrooms: 2
Full Bathrooms: 1
Area & Lot
Lot Area 6,097 Sq.Ft.
Living area 884 Sq.Ft.
MLS® ID 23-269633
Year Built 1941
View Description City Lights,Trees/Woods,Mountains
Architecture Styles Bungalow
Type Residential
Status Sold
Exterior
Stories 1
Pool None
Air conditioning Other
Heat type Other
Garage Space 2.0
Parking Side By Side, Private Garage, Garage - 2 Car, Garage Is Detached
Finance
Sales Price $1,200,000

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