Tremendous Live/Work opportunity in heart of Hyde Park, adjacent to the 5.5 mile Rail-to-Rail path. A $143 Million project investment into the community, which triggered favorable and flexible zoning with more density allowed. This offering features a wood-frame stucco house on a raised foundation situated on a 4,805 square foot… Read More lot, its the lowest price per square foot on improvement in all of South LA {$252.80}. The single-family house is approximately 1,085 square feet with two bedrooms and one full bathroom, with a bonus room for a potentially a third bedroom. The house features a spacious living with a semi open layout to a large kitchen area. It also has ADU potential of converting existing rear garage into an ADU while keeping the warehouse component. It has a new 200 AMP electrical panel, newer double pane windows, roof, plumbing, upgraded plumbing, kitchen cabinets, furnace, water heater, washer/dryer hook ups, and driveway which could park up to 4 vehicles. The property is completely fenced and gated, it also includes a yard behind the garage. There is a massive garage/warehouse component attached the single-family home. This rear garage/warehouse building has generous ceiling height it's approximately 1,680 total square foot, with 16-foot ceilings and 8'5 X 8'5 ground-level roll up door plus a standard door for ingress/egress. This is rare opportunity to acquire an ideal live/work building with highly leverage financing. A Buyer could purchase these live/work structures with a first time Buyer residential loan, with fixed financing and a low-down payment looking at this opportunity from a residential perspective. On the other hand, the rear structure is more than 51% of the rentable square footage. SBA loan is a potential loan opportunity to purchase this building with 10% down payment, if a Buyer can demonstrate they will be using the rear building for this business. This is perfect for any light industrial user such as a woodworker, auto related use or artistic with an open canvass ready to customize to suit their business needs. Read Less
Property listed by Kidder Mathews of California, Inc., Juan Jay Martinez 310-312-1800
Listing Snapshot
Days Online
8
Last Updated
Property Type
Single Family Residence
Beds
2
Full Baths
1
Square Ft.
2,765
Lot Size
0.11 Acres
Year Built
1923
MLS Number
25613287
Additional Details
Building
Built in 1923, Building area total: 2,765, Levels: One, Living area: 2765, 1 story, Architectural style: Ranch, Attached, Common walls: OneCommonWall, Construction materials: Stucco, WoodSiding
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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