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For Sale

$870,000

1,482 sqft$587/sqft100 days on market

2905 W 14th Street

Los Angeles, CA 90006

· 8% down, 7% APR, 30yr fixed

4

Beds

4

Baths

1,482

Square feet

1905

Built

Listing narrative

Description

- RECENTLY UPDATED! - TWO-ADU POTENTIAL! - OWNER-USER OPPORTUNITY OR INVESTMENT PROPERTY! Rare opportunity to own a versatile income-producing property with immediate rental income and significant future development potential. - Unit #1 (2 Bed / 2 Bath) is currently VACANT, offering immediate occupancy for an owner-user or the opportunity to generate additional rental income. The property has been recently improved with fresh paint and updates. - Unit #2 is currently tenant-occupied and generating rental income. - Storage #3 is a detached, high-ceiling rear structure of approximately 1,200 sq. ft., currently leased for storage and office use and generating approximately $2,100/month. The structure was previously approved for auto repair use, offering flexibility for various potential uses. Buyer to independently verify all permits, approvals, zoning, and permitted uses.Adding significant upside, the rear structure may offer the potential to convert into up to two ADUs, creating an opportunity for additional rental income and long-term appreciation. Buyer to independently verify ADU feasibility and requirements with the City of Los Angeles.Conveniently located just minutes from Koreatown, Downtown Los Angeles, USC, restaurants, shopping, schools, parks, public transportation, and major freeways.A unique opportunity combining residential income, commercial/storage income, owner-user flexibility, and substantial future development potential in a highly central Los Angeles location.

Listing agent (MLS): Sharon Oh · Listing brokerage (MLS): Redpoint Realty

Property Details

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Price

$870,000

Beds

4 bd

Type

House

Home Size

1,482 sqft

Baths

4

Lot Size

0.13 acres

Year

1905

Status

For Sale

Days on Market

100

$ / Sqft

$587

· 8% down, 7% APR, 30yr fixed
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Courtesy of Redpoint Realty