• 48TH LOS ANGELES, CA 90043

  • 24 Beds 11,131 SqFt
  • Commercial / Owner Financing
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Property Details for 48TH St, LOS ANGELES, CA 90043

Features

Facts

Sale Type

This property is offered for sale with Owner Financing available. With Owner Financing, owners can offer flexible terms which allow buyers to purchase property without a traditional bank loan. This leaves more room for negotiation on loan terms and approvals.

Description

*** Ownership is highly-motivated and will meet the market. We just reduced the price by $200,000, please bring all offers. In addition, ownership is offering seller financing - $300,000 @ 3% for one year. ** 3313 West 48th Street is a 10 unit market-rate RTI development located 0.3 miles from the Metro K-Line, Leimert Park Plaza, and the intersection of Crenshaw Blvd. & Leimert Blvd. This RTI development opportunity is next to two of the most significant community-driven investment projects in South Los Angeles, and is surrounded by numerous projects currently under construction by prolific developers. The 7,731 SF corner lot (zoned C2) has approved plans to develop 3 duplexes (2,827 SF each) and a 977 SF ADU. Plans call for 3 duplexes (2,827 SF each) and a 977 SF ADU. The front duplex will feature (2) 3-bdrm. and 3-bath units with roof decks, the middle duplex will feature a 3-bdrm. and 2.5-bath unit and a 4-bdrm. and 4.5-bath unit with a roof deck. The rear duplex will feature (2) 3-bdrm. and 3-bath units. Each duplex features a recreation room that is designed to be converted to an ADU after the Certificate of Occupancy.

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Property Brokerage: Compass 9454 Wilshire Blvd. Suite 400 Beverly Hills CA 90212
Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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