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Listed by Michael Padilla, DRE #01993341 • Lyon Stahl Investment Real Estate, Inc.
$950,000
Est. payment /mo
10,295 Sqft Lot
Active
2106 E 113th Los Angeles, CA 90059
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26073220
Year Built 1954
Lot Size 10,295 Sqft
Property Sub-Type Triplex
Source California Regional MLS
Property Description
Amazing Owner-User or Investment Opportunity awaits at 2104 E 113th St, an income-producing 3-unit property situated on a massive 10,295 SF lot in a rapidly appreciating Los Angeles submarket. One of the 2-bedroom/1-bathroom units will be delivered entirely vacant! Live in One unit and cash-flow via the two rented units! The true crown jewel of this offering, however, is the fully approved, Ready-To-Issue (RTI) plans (See Attached). The site is shovel-ready to construct a brand new 1,019 SF detached 3-bedroom/2-bathroom ADU, alongside a 538 SF expansion to an existing 2-bedroom unit to increase to 1,204sqft! This allows an investor to effortlessly transform the asset into a high-yielding, 4-unit compound without the typical delays of the city entitlement process. Perfect owner-user or Investment Opportunity with immediate upside for market-rate leasing. Unmatched Value-Add Potential. This property offers the ultimate blank canvas for investors or owner-users to immediately drive cash flow and force appreciation. Listed at just $372.40/SF, the subject property offers a significant discount against the market average of $475.62/SF. Strategically located It sits just minutes from the monumental developments transforming Inglewood and the South Bay, including the $5 billion
Location
State CA
County Los Angeles
Area Watt - Watts
Interior
Heating Wall Furnace
Cooling None
Laundry Other
Exterior
Parking Features Other
Pool None
Building
Story One Story
Water District - Public
Others
Tax ID 6067012025
Special Listing Condition Not Applicable
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