$ 1,100,000
-
$1,100,000
Price -
5
Bed -
5
Bath -
2,288
SqFt
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About the Listing SB1310620 - SBWRIGOLG
ADU Development Opportunity – 2plex + 3plex on Adjacent Lots ***Rare opportunity to acquire two properties on two side-by-side APNs with a combined lot size of 11,218 SF zoned LARD1.5, offering significant ADU expansion potential. The site configuration and zoning present the possibility to develop 7+ additional ADUs (buyer to verify with city), making this an attractive value-add and long-term unit expansion play. ***The property currently consists of total 5 units. 2 units are vacant, in rent-ready condition, allowing a buyer to lease at market rents while planning future development. Current rents are $1,424, $915, and $688, with additional income from on-site laundry. Investors benefit from existing cash flow while unlocking substantial upside through ADU development, a rare opportunity to significantly increase density and rental income on a large multifamily lot.
Listing Highlights
Status
Active With Contingency
Days on Site
23
Property Type
Multi-Family
MLS ®
SB26048458
Year Built
1924
Total Square Footage
2,288
Lot/Acreage
0.26
County
Los Angeles
Interior Details
- Bedrooms: 5
- Bathrooms: 5 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Rectangular Lot,Walkstreet,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 0
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 7416012008
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
720 King Wilmington, CA 90744
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