4
See all 4 photos
$1,299,900
Est. payment /mo
5 Beds
3 Baths
7,752 Sqft Lot
Price Dropped by $200K
2338 sheridan Street Los Angeles, CA 90033
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID V1-37991
Bedrooms 5
Lot Size 7,752 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Welcome to a rare opportunity to own a duplex in the heart of vibrant Boyle Heights. Situated on an expansive approximately 7,700-square-foot lot, this income-producing property offers nearly 2,000 square feet of living space with a combined total of 5 bedrooms and 2 bathrooms, making it ideal for investors, developers, owner-occupants, or multi-generational living.One of the property's most exciting features is its exceptional redevelopment potential. According to preliminary development information, the site may offer the opportunity to build 18 or more residential units (buyer to independently verify with the City of Los Angeles, zoning regulations, and all applicable development incentives). Whether you're looking to capitalize on existing rental income while planning a future project or move forward with redevelopment, this property presents a compelling opportunity in a high-demand location.Conveniently located just minutes from Downtown Los Angeles, USC Medical Center, major freeways, Metro stations, schools, parks, shopping, and popular local dining, this property combines prime accessibility with significant upside potential.Whether you're an investor seeking cash flow, a developer looking for your next project, or a buyer searching for a property with long-term appreciation potential, this property delivers a unique combination of location, income, and development possibilities. Opportunities like this are increasingly rare--don't miss your chance to unlock the full potential of this exceptional property.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Exit Soto st, right on Soto, right on Sheridan
Interior
Fireplace No
Exterior
View Y/N No
Others
Senior Community No
Tax ID 5175009015
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Listed by Luis Perales, DRE#01720854 Century 21 Masters
NEARBY SCHOOL & BUSINESS
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