2228 West 73rd Street

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2228 West 73rd Street,Los Angeles, CA 90043

$899,999

6 beds
5 baths
2308 sqft

About this home

Introducing a remarkable development opportunity in the vibrant South Los Angeles neighborhood, just adjacent to Inglewood. This Spanish-style home presents an open floor plan with 3 beds, 2 baths, and over 1,500 sqft of living space. With the owners' renovation and addition of 2 units, this property is primed for an investor or developer to capitalize on its potential for profit or long-term rental investment. The property awaits its finishing touches, offering a value-add opportunity for the savvy investor. The garage has been approved for conversion into a 2-bedroom ADU unit, with framing already underway. The rental potential for this space is estimated at up to $3,000, reflecting the desirability of this area. Additionally, the attached 3rd Jr. ADU boasts a separate entrance, spacious layout, and privacy, enhancing the property's rental potential. Situated on a large 6,701 sqft lot, there is ample space for yard and green areas for both units, creating a welcoming and inviting atmosphere. With plans already approved, a significant portion of the development process is complete, offering a smooth path for the right owner to step in and bring this project to fruition. This property's location further enhances its appeal, with convenient access to shopping, public transportation, dining, and walkable amenities. The neighborhood features a vibrant and diverse community, making it an attractive location for potential tenants or buyers. Don't miss out on this exceptional opportunity to complete the construction and realize the full potential of this property. With a potential resale value of up to $1.4 million, this development opportunity is not to be overlooked. Take advantage of the approved plans and set the stage for a successful investment in this burgeoning neighborhood.