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Jessica Panzica

jessica@jessicapanzica.com +1(714) 313-8193

$849,000

Est. payment - /mo

4 Beds

3 Baths

1,933 SqFt

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 1,933 sqft

Price per Sqft $439

MLS Listing ID 26647291

Bedrooms 4

Construction Status Additions/Alterations,Repairs Cosmetic

HOA Y/N No

Year Built 1922

Lot Size 5,401 Sqft

Property Description

PRICE REDUCTION!!! Opportunity-rich multi-unit property in the heart of South Los Angeles. Built in 1922 and situated on a 5,401 sq ft lot, this property is legally a duplex per public records, yet functions as a three-unit configuration, offering compelling income and value-add potential. The improvements total approximately 1,933 sq ft and include two 1-bedroom/1-bath units (one currently vacant) and one 2-bedroom/1-bath unit. The additional 1-bedroom unit was constructed in the 1950s and is not permitted, providing a potential pathway for future buyers to explore legalization, reconfiguration, or redevelopment options, subject to buyer investigation. Zoned LAR3, the property offers flexibility for long-term investors, owner-users, or developers seeking density and upside in a transit-connected urban corridor. The layout allows for strong unit separation, functional floor plans, and outdoor space, while the vacant unit presents immediate upside through renovation or repositioning. The neighborhood continues to experience steady reinvestment and infrastructure momentum. Residents enjoy convenient access to local retail corridors along Broadway, Vermont, and Florence, with grocery stores, restaurants, and everyday services nearby. Green spaces and community amenities include nearby neighborhood parks, recreation centers, and local libraries serving the South LA community. Proximity to major north-south and east-west arterials supports efficient commuting to Downtown Los Angeles, USC, Inglewood, and the Westside. With LAR3 zoning, a deep lot, and an established multi-unit footprint, this property presents multiple future-use scenarios: hold and improve, pursue unit legalization (buyer to verify), reconfigure layouts, or explore higher-density redevelopment consistent with zoning and city guidelines. A compelling opportunity for investors seeking cash flow today with long-term appreciation and redevelopment potential in one of Los Angeles' evolving infill markets.

Location

State CA

County Los Angeles

Area C37 - Metropolitan South

Zoning LAR3

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Parking Features Driveway

View Y/N No

View None

Roof Type Composition,Shingle

Total Parking Spaces 4

Building

Faces North

Story 1

Entry Level One

Sewer Other

Water Public

Level or Stories One

New Construction No

Construction Status Additions/Alterations,Repairs Cosmetic

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 6040002024

Financing Contract

Special Listing Condition Standard

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Listed by Kory Jackson eXp Realty of California Inc #01315324

Nearby School & Business

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Jessica Panzica

+1(714) 313-8193

Agent | License ID: 01854556

Agent License ID: 01854556

224 W 84th ST Los Angeles, CA 90003

Jessica Panzica

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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