2415 E 114th Street, Los Angeles, CA 90059
Single-family home · 3 recorded sales since 2013
Sold August 2020
Listing Agent: FERNANDO REZA (DRE #01451616) · Listing Office: KELLER WILLIAMS COVINA · Contact: 626-966-3641 · Bought with: Cindy Avila · Nationwide Real Estate Execs · MLS #CV20087040 · Source: CRMLS
About this single-family home
HUGE PRICE REDUCTION!!! Great Opportunity! This Single Family Home sits on an R2 Zoned lot, conversion to a duplex has been 90% complete. City has already approved plans for the conversion (Buyers to verify all information). Tax records show 6 beds 2 baths but there are actually 8 beds and 4 baths. Unit -1 has 4bedrooms/2baths downstairs, Unit-2 has 4bedrooms/2baths upstairs. Bottom 4/2 unit has garage with washer/dryer Hookups and Upstairs 4/2 unit has separate off street parking. This property has tons of UPSIDE potential as an investment or for anyone looking to call this place home and rent second Unit. Currently renting for $4,500 per month. Seller has already done due diligence to introduce plans and verified that Zoning is doable. Structurally, the property is prepped for Duplex. Seller has Schematics, Sq Ft Approval, and Planner Contractor to finalize. Seller willing to forfeit Planners information and contractor agreement with an accepted offer. Seller advises NO issues, NO citations, No red flags from city. Instant Increase in Equity and Cash-Flow upon duplex conversion!!! With this much upside potential, this property will be a major benefit to anyone's portfolio, or a great first step for the next homeowner. Property was renovated in late 2016 with tank-less water heater, upgraded plumbing, and upgraded bathrooms. MOTIVATED SELLER!!!! DON'T MISS THIS ONE!!!
Listing description from the August 2020 sale, as reported to CRMLS.
Sale history
