1639 E 90Th Street

Description

**Attention Investors & Savvy owner-occupied buyers alike! Exceptional Investment Opportunity! VACANT!!! Spacious, permitted legal duplex—plus an additional third unit—is now available on a generous 7,146 sq. ft. lot. Zoned LACR2 With Ready to Issue (RTI) plans already in place for two additional Accessory Dwelling Units (ADUs) totaling additional 1,000 sq. ft.to be added 2 two bedrooms, this property is primed for growth. Alley access provides separate rear entry. The owner completed a full remodel of the entire property, including all new roof and all-new plumbing under the house. The kitchen features fresh white cabinets with quartz countertops, and both the interior and exterior have been freshly painted. Updated lighting fixtures, electrical panels, new shower fixtures, bathroom vanities enhance the property, along with new waterproof vinyl flooring and metal fencing. Current rental estimates are promising: the front unit could generate $2,500+, while the back 2-bedroom, 1-bath unit may yield around $4,000, along with an additional studio in the spacious backyard. This totals approximately $6,500 per month! Alternatively, you can live in the studio and rent the two larger units for a total of $5,000 monthly. Approved ADUs expected to add another $5,000+ monthly, this property represents a significant cash flow opportunity. *Key Features:* Separate water and gas meters for 2 unit, minimizing overhead costs. Two separate driveway entrances: a front driveway accommodating up to 2-4 vehicles and a rear driveway for 4. A large, fenced backyard ready for your vision. Conveniently located near freeways and major transportation including the Metro Blue Line. It's also across Washington Park, schools, vibrant Avalon Gardens and Hacienda Village neighborhoods. Being just outside Los Angeles city limits! means less restrictive regulations for development. Architectural and engineering plans included, most permits already paid. The buyer can easily transfer plans right before construction. Build now or later—the choice is yours! Don’t miss this incredible investment opportunity! Property functions effectively as a triplex, as the front units have been split to create two separate units. Enjoy a quiet street just a short walk from an arts academy, a large park with soccer field, basketball courts, pools, and the Washington Park Center. Don’t let this incredible investment slip away! Seize the chance to transform your future and create lasting legacy today!

Listing information courtesy of: Mohamed Hassan, NextHome Milestone . *Based on information from the Association of REALTORS/Multiple Listing as of 10/23/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.