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Josh Gregorio

josh.gregoriorealestategroup@gmail.com +1(661) 447-5111

$ 1,595,000

Est. payment | -/mo

12 Beds

12 Baths

5,208 SqFt

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$ 1,595,000

Est. payment | -/mo

Save

12 Beds

12 Baths

5,208 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 5,208 sqft

Price per Sqft $306

MLS Listing ID 26840523

Bedrooms 12

HOA Y/N No

Year Built 2007

Lot Size 0.351 Acres

Property Description

We are pleased to offer for sale 517 West 117th Street, a six-unit apartment community located in South Los Angeles, alongside the 105 Freeway.Built in 2007, the property is comprised of six two-bedroom / one-and-a-half-bath townhome-style units, each featuring in-unit washer/dryer hookups (one unit includes a washer/dryer) and assigned, gated parking. Situated on a generous 15,311-square-foot lot, the property is improved with a 5,208-square-foot building, leaving substantial excess land that may offer additional development potential. One option may be to add six ADUs, offering an opportunity to expand density, income, and long-term value.Beyond the existing improvements, the property's C2-2D-CPIO zoning and Tier 4 TOC designation present significant redevelopment potential. Based on the 15,311 SF lot, the property may support over 70 units by right without the use of ED1 offering a compelling long-term development opportunity.517 West 117th Street offers investors the opportunity to acquire a newer construction multifamily asset with the potential to increase density in a well-located infill pocket of South Los Angeles. The property provides immediate access to the 105 Freeway and is conveniently situated near a wide range of retail amenities and daily services.PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.

Location

State CA

County Los Angeles

Area C36 - Metropolitan Southwest

Zoning C2-2D-CPIO

Interior

Fireplace No

Exterior

Parking Features Uncovered

Total Parking Spaces 12

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6088013024

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Sean Rosenzweig Marcus & Millichap #01406343

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Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(661) 447-5111

josh.gregoriorealestategroup@gmail.com

3400 Calloway Dr Suite 700, Bakersfield, California, 93312, USA

517 W 117th ST Los Angeles, CA 90044

Josh Gregorio

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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517 W 117th ST