2338 sheridan Street, Los Angeles, CA 90033
- $1,500,000
- List Price
- $1,500,000
- Status
- ACTIVE
- MLS#
- V1-37991
- Year Built
- 1959
- Lot Size
- 7,752
- Acres
- 0.18
- Lot Location
- Sprinklers None
- Days on Market
- 26
- Property Type
- Multifamily
- Neighborhood
- Not Applicable
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.
Additional Information
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling Description
- None
- View
- None
- Garage Spaces Total
- 2
- Attached Structure
- Detached
- Gross Scheduled Income
- $44,160
Listing courtesy of Listing Agent: Luis Perales (homesbyluis@yahoo.com) from Listing Office: Century 21 Masters.
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.