3023 3025 Obama Boulevard

Los Angeles, CA 90018

$949,000

List Price

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bed Beds

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1944

calendar_month Built

Property Description

Fantastic investment or development opportunity situated in the City of Los Angeles. The property, currently configured as a duplex, boasts zoning classification RD2 on an expansive 7,491 Sq.Ft lot with alley access, qualifying for TOC Tier 3. This prime location offers flexibility for various developments, including the addition of ADUs, multi-unit construction, or even ED-1 development. The unit at 3023 Obama presents two bedrooms, while 3025 offers three bedrooms alongside a garage, each showcasing unique charm and generous living spaces. Additionally, the property features an expansive backyard and a lengthy driveway, enhancing its desirability. This adaptable investment affords the option of residing in one unit while leasing out the other, presenting a multitude of opportunities. Strategically positioned just minutes away from prominent landmarks such as USC, Exposition Park, BMO Stadium (LAFC), Natural History Museum, California Science Center, DTLA, SoFi Stadium, Crypto Center, shopping centers, and major freeways, this property boasts a highly sought-after location in the heart of Los Angeles. Seize the opportunity to acquire this exceptional property, with both units currently occupied by tenants and no plans for vacancy upon transfer. *One unit to be delivered vacant*

Listing Information

List Price $949,000
Status Active
MLS GD24134607
HOA $0
Type Residential Income
Subtype Duplex
Year Built 1944
Lot Size 7,493
Structure Size N/A
DOM 155
Courtesy Of The Agency - Studio City
Listing Agent Levon Arzumanyan DRE#01836944

Interior Features

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Location(s) Inside
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Bedrooms N/A
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Exterior Information

Maps

Listing information courtesy of: Levon Arzumanyan, The Agency - Studio City 213-414-8088. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 5th, 2024 at 3:00 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.