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1557 S Ogden Drive

Los Angeles (City), CA 90019
  • $1,450,000
  • STATUS: Active
  • ON SITE: 45 Days
  • ID#: 22226489
UPDATED: 197 min ago
$1,450,000
  • 3
    BEDS
  • 0.16
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,510
    SQFT
  • $960
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1923
County:

School Ratings & Info

Listing Agent(s): Max Berger of Compass (310-230-5478)


Description

This mid-city RTI development opportunity, located just south of Carthay Square, comes with approved plans for a duplex and an ADU with a garage (that is to be converted to an ADU after the certificate of occupancy). Based on market rents for renovated units in the area, we project the future owner could generate approx. $258,000 in gross annual income. The front duplex will feature approx. 1,700 SF units and a fenced front yard. The larger ADU, approx. 1,180 SF, will feature a great open-concept layout and a 200 SF private garden. The 2-bdrm. garage ADU conversion, approx. 800 SF, will feature a private garden and can only be converted after the certificate of occupancy. Located 2 blocks east of Fairfax Ave and 2 blocks south of Pico Blvd, existing improvements include a vacant three-bdrm. and two-bath single-family residence on an approx. 6,885 SF lot zoned LAR2.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-02-04T00:29:57.567. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
www.playavistaliving.com/homes/135523192
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1557 S Ogden Drive Los Angeles (City), CA 90019

  • Price: $1,450,000
  • Status: Active
  • On Site: 45 Days
  • Updated: 197 min ago
  • ID#: 22226489
3
Beds
2
Baths
0
½ Baths
0.16
Acres
1,510
SQFT
$960
$/SQFT
1923
Built
Neighborhood:
C16 - Mid Los Angeles
County:
Los Angeles
Area:
C16 - Mid Los Angeles
Property Description
This mid-city RTI development opportunity, located just south of Carthay Square, comes with approved plans for a duplex and an ADU with a garage (that is to be converted to an ADU after the certificate of occupancy). Based on market rents for renovated units in the area, we project the future owner could generate approx. $258,000 in gross annual income. The front duplex will feature approx. 1,700 SF units and a fenced front yard. The larger ADU, approx. 1,180 SF, will feature a great open-concept layout and a 200 SF private garden. The 2-bdrm. garage ADU conversion, approx. 800 SF, will feature a private garden and can only be converted after the certificate of occupancy. Located 2 blocks east of Fairfax Ave and 2 blocks south of Pico Blvd, existing improvements include a vacant three-bdrm. and two-bath single-family residence on an approx. 6,885 SF lot zoned LAR2.
Exterior Features

Architectural Style Contemporary Parking Features Door-MultiGarageSide By Side Parking Total 2 Pool Features None Pool Private YN No Spa Features None Spa YN No View None View YN No

Interior Features

Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features Living Room Fireplace YN Yes Flooring Wood Furnished Unfurnished Heating Central Heating YN Yes

Property Features

Association YN No Garage YN Yes Laundry Features Inside Listing Agreement Seller Reserved Listing Service Full Service New Construction YN No Property Sub Type Single Family Residence Senior Community YN No Special Listing Conditions Standard Zoning Lar2



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-02-04T00:29:57.567. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
 
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Team Tami | Palm Realty Boutique
323 Culver Blvd.
Playa del Rey CA, 90293
Listing Agent(s): Max Berger of Compass (310-230-5478)