940 W 78th, Los Angeles, California 90044

$648,888

Bedrooms

3

Bathrooms

1

Square Feet

1,624 sqft

City

Los Angeles

Status

Active

Great Opportunity for Investor, Builder or Owner Occupied Buyer who wants to get into this high priced area at a basic price and build sweat equity. This home is a blank slate just screaming to reach it's full potential as a home or as a multi unit investment. This Property is zoned LARD1.5 meaning restricted density multiple dwelling that allows for high-density multi-family development and this classification supports apartments, condos and ADU's. There are a few properties in this neighborhood that have already been developed into duplexes and others with multiple units on the same approx lot size with closed sales numbers exceeding $800,000!! Great location, your across the street from Loren Miller Elementary play ground and NOT at the drop off or pick up point and this location affords better on street parking because your not competing for parking with neighbors living across the street plus the street is wide. At the corner is the Fire Department and around the corner on Vermont Av is the Crenshaw Christian Center, Home of the Faith Dome and only minutes from Sofi Stadium (home of the Rams), Kia Forum, Crypto.com Arena (home of the Lakers), The Campus of USC, The Coliseum (home of USC football) and everything else L.A.. The price and condition of this property will remain this way for 30 days for any investor or owner occupied buyer who wants to get in at this low price but after 30 days the property will be placed on hold and rehab will begin and then the porperty will come back on the market at a price above $700,000. Hurry on this one! This home is protected by ADT service.