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Listing Details

Status
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MLS #
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School Ratings & Info

Description

This 6-unit, 4-building complex has a charming courtyard and is situated on a 29,000 square foot lot (0.66 Acers) which is primed for a redevelopment project. The lot is currently zoned RD2 allowing any developer or investor to potentially build 5 Duplexes via a lot split and variance. The property holds a desirable unit mix consisting of (1) studio, (3) 1-bed/1-ba, (1) 3-bed/1-ba, and a two-story 3-bed/2ba (2,000 sqft.) craftsman style house with a detached garage in the rear of the lot. All the units have been renovated with quartz or granite countertops, new cabinets, stainless steel or black appliances, and hardwood floors. All windows have been replaced with dual pane windows.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-18T00:28:33.337. 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 RE/MAX Freedom. Licensed in the State of California, USA.
www.homesinthehighdesert.com/homes/117783645
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1622 Morton Avenue Los Angeles (City), CA 90026

  • Price: $2,900,000
  • Status: Active
  • ID#: OC21111559
0
Beds
0
Baths
0
½ Baths
0.66
Acres
1902
Built
Neighborhood:
699 - Not Defined
County:
Los Angeles
Area:
699 - Not Defined
Property Description
This 6-unit, 4-building complex has a charming courtyard and is situated on a 29,000 square foot lot (0.66 Acers) which is primed for a redevelopment project. The lot is currently zoned RD2 allowing any developer or investor to potentially build 5 Duplexes via a lot split and variance. The property holds a desirable unit mix consisting of (1) studio, (3) 1-bed/1-ba, (1) 3-bed/1-ba, and a two-story 3-bed/2ba (2,000 sqft.) craftsman style house with a detached garage in the rear of the lot. All the units have been renovated with quartz or granite countertops, new cabinets, stainless steel or black appliances, and hardwood floors. All windows have been replaced with dual pane windows.
Exterior Features

Carport Spaces 0 Lot Features Value In LandYard Number Of Separate Electric Meters 7 Open Parking Spaces 7 Parking Total 19 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Appliances Gas CooktopGas RangeMicrowave Common Walls No Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Flooring Wood Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Common Interest None Community Features Urban Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 0 Gross Scheduled Income 129025 Insurance Expense 0 Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan1031 Exchange Net Operating Income 81454 New Construction YN No New Taxes Expense 36177 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 1 Operating Expense 57020 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning Lar2

Listing provided courtesy of Mike Marcu of Mike Marcu, Broker


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-18T00:28:33.337. 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 RE/MAX Freedom. Licensed in the State of California, USA.
 
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RE/MAX Freedom
12180 Ridgecrest Rd. Building E Ste. 522
Victorville CA, 92395