Investment opportunity in the heart of Los Angeles, also known as 7301 Towne Ave. This property is situated on a large corner lot and features a single-family home and a duplex, offering three units in total. With its desirable R2 zoning, this property presents incredible potential for adding value, whether through upgrading the existing units, increasing rents to market rates, or developing an ADU. With a 4% cap rate, this property is perfect for investors seeking steady returns with room to grow. The spacious corner lot allows for creative development opportunities, making it an ideal choice for those looking to maximize income potential or create additional living spaces. Located in a convenient area close to schools, parks, and public transportation, this property combines solid investment fundamentals with the opportunity to enhance its value.
Days on market: 8
Listing updated: January 14, 2025 - 01:01:01
Listed by: Maryna Pototska DRE #02128636 310-278-8861, Nest Seekers - Out of Area Board
Source: Out of Area Board, MLS#: CLW-X78650 Originating MLS: CRMLS
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