Listing Agent: Justin Yee      Broker/Office: eXp Realty of Southern California, Inc
773 Alexandria Avenue N Los Angeles CA 90029
$ 750,000
  2   |    2   |    1440 Sq Feet

Listing ID

#OC26050195

Status

Active

Property Type

Single Family Residence

Property Style

Bungalow

County

Los Angeles

Year Built

1919

Days on website

3

Description
Exceptional Development And Investment Opportunity In The Highly Sought-After East Hollywood / Silver Lake Adjacent Area. Situated On A 5,649.3 Sq Ft LARD2-1XL Lot, Subject Property Offers Outstanding Potential For Investors, Builders, And Developers Looking To Capitalize On One Of Los Angeles’ Most Active Infill Housing Markets. Capitalize On Multifamily Density (Up To 7 Units According To Research), SB-9 Flexibility, And ADU Expansion Strategies In A High-Demand Rental Market. Featuring 3 Bedrooms And 2 Bathrooms Total (Records Indicate 2/1) That Requires Renovation, This Classic Los Angeles Style Home Has Dual (2) Driveways On Each Corner Leading Up On The Left Side To A Detached Rear Garage. As Soon As You Enter The Front Door On The Elevated Porch, You’re Greeted By An Expansive Living Room With Fireplace And Built In Shelving, To The Left Is A Dining Area With Window Nook Allowing Plenty Of Natural Light. Next To The Dining Area Is A Kitchen With Access To The Backyard And Laundry Area As Well As To The Hallway Connecting The Den/3rd Bedroom, Other Bedrooms, And Bathrooms. The Den Opens To The Fenced In Backyard. 2 Expansive Bedrooms With Hallway Access Which Opens To Living Area. Primary Bedroom Has Spacious Bathroom Attached And Plenty Of Windows As Well As A Double Doors To Yard. Surrounded By Multifamily Properties And Recent Redevelopment Projects (Literally Across the Street), The Parcel Is Ideally Positioned For Repositioning Into A Higher-Density Residential Asset Utilizing Transit Oriented Communities (TOC Tier 3) – Higher Residential Density Bonus / Reduced Parking Requirements / Build Height Incentives, The Transit Oriented Incentive Area (TOIA 2), The State Enterprise Zone, And Possibly SB-166 Advantages. From Long Term Appreciation, Fix And Flip Investors, To Builders And Developers – Bring Your Offers, Call Listing Agent Now!
Location
Financial Information
List Price:  $ 750000
Property Features
Appliances:  Refrigerator
Community Features:  Curbs, Sidewalks, Urban
Construction Materials:  Concrete
Electric:  Standard
Flooring:  Carpet, Wood
Foundation Details:  Raised
High School District:  Los Angeles Unified
Laundry Features:  Outside
Levels:  One
Lot Features:  Lawn, Yard
Parking Features:  Carport, Concrete, Driveway, Garage
Patio And Porch Features:  Concrete
Property Condition:  Fixer
Road Surface Type:  Paved
Roof:  Shingle
Senior Community YN:  false
Structure Type:  House
View:  Neighborhood
Water Source:  Public
High School District:  Los Angeles Unified
Senior Community YN:  false
MLS Area Major:  C20 - Hollywood
City:  Los Angeles
Listed By:   Justin Yee   eXp Realty of Southern California, Inc 
CA Lic#