5964 Chula Vista Way

    Los Angeles (City), CA 90068
    • $1,695,000
    • STATUS: Active
    • ON SITE: 171 days
    • ID#: 18348666
    UPDATED: 71 min ago
    $1,695,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,988
      SQFT
    • $567
      $/SQFT
    Type:
    Multi-Family
    Built:
    1913
    County:

    School Ratings & Info

    Description

    Development Opportunity in Franklin Village! Currently a duplex consisting of two separate single family homes: The first home is a large 2,460 square foot two-story three-bedroom / two-bathroom with an office and formal dining room. The rear home is a 528 square foot single-story one-bedroom / one-bathroom. The property also has ample on-site parking and a garage, with a huge front yard and space for a private backyard for the back house. Both units to be delivered vacant at close of escrow. Front house is owner-occupied while the back house is currently rented via Airbnb. The lot size is 7,673 square feet, which is significantly larger than most of the parcels in the neighborhood. The zoning is LARD1.5XL which may allow redevelopment of up to 5) 1,500 square foot units with 30' max height. Buyer is responsible for confirming all applicable zoning regulations, requirements & allowances. Plans / entitlements not included. Excellent opportunity with huge potential upside.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T09:31:14.93. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/84028663

    5964 Chula Vista Way Los Angeles (City), CA 90068

    • Price: $1,695,000
    • Status: Active
    • Updated: 71 min ago
    • ID#: 18348666
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    2,988
    SQFT
    $567
    $/SQFT
    1913
    Built
    Neighborhood:
    C30 - Hollywood Hills East
    County:
    Los Angeles
    Area:
    C30 - Hollywood Hills East
    Property Description
    Development Opportunity in Franklin Village! Currently a duplex consisting of two separate single family homes: The first home is a large 2,460 square foot two-story three-bedroom / two-bathroom with an office and formal dining room. The rear home is a 528 square foot single-story one-bedroom / one-bathroom. The property also has ample on-site parking and a garage, with a huge front yard and space for a private backyard for the back house. Both units to be delivered vacant at close of escrow. Front house is owner-occupied while the back house is currently rented via Airbnb. The lot size is 7,673 square feet, which is significantly larger than most of the parcels in the neighborhood. The zoning is LARD1.5XL which may allow redevelopment of up to 5) 1,500 square foot units with 30' max height. Buyer is responsible for confirming all applicable zoning regulations, requirements & allowances. Plans / entitlements not included. Excellent opportunity with huge potential upside.
    Exterior Features

    Garage Spaces 2.00 Lot Size Source See Remarks Lot Size Units Square Feet Parking Total 2.00

    Interior Features

    Appliances None Appliances YN No Cooling See Remarks Cooling YN Yes Laundry Features None

    Property Features

    Cap Rate 3.09 Country Us Gross Multiplier 22.66 Gross Operating Income 96000.00 Improvements Amount 258741 Land Value 236095 Laundry YN No Net Operating Income 67200.00 Special Listing Conditions Standard Total Actual Rent 0.00 Total Expenses 28800.00 Zoning Lard1.5Xl

    Listing provided courtesy of David Bramante of Keller Williams Silicon Beach and Dominic Labriola of .


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T09:31:14.93. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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    4010 Barranca Pkwy Suite 100
    Irvine CA, 92604