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
|
4
|
LAST UPDATED
|
1/6/2025
|
YEAR BUILT
|
1937
|
COMMUNITY
|
Metropolitan South
|
COUNTY
|
Los Angeles
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
AIR |
None |
AREA |
Metropolitan South |
GARAGE |
None |
LOT |
6716 sq ft |
PARKING |
None |
STORIES |
1 |
ZONING |
LAR2 |
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Listed with Nest Seekers
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 1/10/25 5:53 AM PST and /or other sources. 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
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