523 W 76Th Street

Los Angeles, CA 90044

PRICE REDUCED

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-$175,000 (-21.21%)

$650,000

List Price

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1922

calendar_month Built

Property Description

Seize this unique opportunity with a property that's RTI (Ready To Issue) permitted and poised for transformation. Currently a duplex, it comes with approved plans to convert into a 5-unit residential complex. This project represents a significant value add, increasing from a duplex to a total of five units. The total proposed square footage for this new development is a substantial 7,730 square feet! Utilize the favorable LAR3 zoning and TOC program in place. Additionally, this property is located in an area eligible for the Ladder Up Home Loan Grant, offering up to $50,000 in grant credits for qualified owner-occupant buyers who meet eligibility requirements. This is a rare opportunity to secure a multi-unit property in a prime location with financial assistance available.

Listing Information

List Price $650,000
Status Active Under Contract
MLS PW24006464
Type Residential Income
Subtype Duplex
Year Built 1922
Lot Size 6,899
Structure Size N/A
DOM 253
Courtesy Of eXp Realty of California Inc
Listing Agent Jeff Anderson DRE#01729514
Co-Listing Agent Juan Huizar DRE#01417642

Interior Features

Laundry Information
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Total Bedroom
Bedrooms N/A
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Bathrooms N/A
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Jeff Anderson, Juan Huizar, eXp Realty of California Inc . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 5:46 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.