$830,000
$850,000
2.4%For more information regarding the value of a property, please contact us for a free consultation.
8,515 Sqft Lot
SOLD DATE : 10/14/2022
Key Details
Sold Price $830,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID TR22173130
Sold Date 10/14/22
HOA Y/N No
Lot Size 8,515 Sqft
Property 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.
Location
State CA
County Los Angeles
Area 121 - Lomita
Zoning LAR2
Interior
Fireplace No
Exterior
Community Features Suburban, Sidewalks
View Y/N No
View None
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7410015051
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Plutarco Matus • Century 21 Jervis & Associates
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REALTORS® | Lic# 01155199 | 02051274