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1639 E 90th ST Los Angeles, CA 90002
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Key Details
Sold Price $840,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,540 sqft
Price per Sqft $545
MLS Listing ID SR24212131
Sold Date 12/11/24
Bedrooms 5
Full Baths 3
HOA Y/N No
Year Built 1910
Lot Size 7,148 Sqft
Property Description
**Attention Investors & Savvy owner-occupied buyers alike! Exceptional Investment Opportunity! VACANT!!! Spacious, permitted legal duplex—plus an additional third unit—is now available on a generous 7,146 sq. ft. lot. Zoned LACR2 plans already in place for two additional Accessory Dwelling Units (ADUs) totaling additional 1,000 sq. ft.to be added 2 two bedrooms, this property is primed for growth. Alley access provides separate rear entry. The owner completed a full remodel of the entire property, including all new roof and all-new plumbing under the house. The kitchen features fresh white cabinets with quartz countertops, and both the interior and exterior have been freshly painted. Updated lighting fixtures, electrical panels, new shower fixtures, bathroom vanities enhance the property, along with new waterproof vinyl flooring and metal fencing. Current rental estimates are promising: the front unit could generate $2,500+, while the back 2-bedroom, 1-bath unit may yield around $4,000, along with an additional studio in the spacious backyard. This totals approximately $6,500 per month! Alternatively, the studio foot print is permitted but the unit count is not. Rent the two larger units for a total of $5,000 monthly. Approved ADUs expected to add another $5,000+ monthly, this property represents a significant cash flow opportunity. *Key Features:* Separate water and gas meters for 2 unit, minimizing overhead costs. Two separate driveway entrances: a front driveway accommodating up to 2-4 vehicles and a rear driveway for 4. A large, fenced backyard ready for your vision. Conveniently located near freeways and major transportation including the Metro Blue Line. It's also across Washington Park, schools, vibrant Avalon Gardens and Hacienda Village neighborhoods. Being just outside Los Angeles city limits! means less restrictive regulations for development. Architectural and engineering plans included, most permits already paid. The buyer can easily transfer plans right before construction. Build now or later—the choice is yours! Don’t miss this incredible investment opportunity! Property functions effectively as a triplex, as the front units have been split to create two separate units. Enjoy a quiet street just a short walk from an arts academy, a large park with soccer field, basketball courts, pools, and the Washington Park Center. Don’t let this incredible investment slip away! Seize the chance to transform your future and create lasting legacy today!
Location
State CA
County Los Angeles
Area Watt - Watts
Zoning LCR2*
Rooms
Main Level Bedrooms 5
Interior
Interior Features All Bedrooms Down
Heating Electric
Cooling None
Fireplaces Type None
Fireplace No
Laundry Washer Hookup, Gas Dryer Hookup, Laundry Closet, Outside
Exterior
Parking Features Controlled Entrance, Driveway
Pool None
Community Features Dog Park, Park
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N No
View None
Private Pool No
Building
Lot Description Street Level
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Schools
School District Los Angeles Unified
Others
Senior Community No
Tax ID 6044005037
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Marvin Garcia • Remax Innovative