1953 Butler Avenue, Los Angeles, CA 90025
Single-family home · 3 recorded sales since 2019
Sold April 2020
Listing Agent: EDWARD RODARTE (DRE #01293791) · Listing Office: INTERO REAL ESTATE SERVICES · Contact: 909-212-0329 · Bought with: EDWARD RODARTE · INTERO REAL ESTATE SERVICES · MLS #CV20011157 · Source: CRMLS
About this single-family home
Investors, Developers and Home Owners will love this incredible opportunity to own this amazing property with approved plans for a 1200 square foot ADU unit with modern architecture. This location has amazing potential as an income producing property. This home is in a prime West LA location situated between Santa Monica, Century City and Westwood. The owner has already secured all the permits for the ADU. The build out has commenced with grading, footings and framing. Seller is willing to partner with investor/buyer to finish the ADU over the next 3 to 4 months and share in the profit margins. Potential ARV after completion of ADU based on current apraissal is 2.7 Million. In addition the front house can be torn down and rebuilt to quadruple the current square footage on the existing home and further increase the ARV. Seller is also willing to continue the completion of the ADU for $275 a square foot. Estimated/Expected Subject to Completion Value is $2,900,000 based on apraissal report dated November 6, 2019
Listing description from the April 2020 sale, as reported to CRMLS.
Sale history
