701 W 112th Street
Los Angeles, CA 90044
- 2 beds
- 1 bath
- 1,218 sqft
- 10,643 sqft lot
- $899 per sqft
- 1938 build
- – on site
We are pleased to present the opportunity to acquire this SB-8 cleared, 10,643 SF corner lot development opportunity located in South Los Angeles, near the Westmont neighborhood. This location offers easy access to the best of South LA, including Sofi Stadium, Intuit Dome, USC/ North University Park, the LA Coliseum & more. Being in close proximity to major transit corridors, tenants can conveniently access employment centers, retail & entertainment throughout the city.The site offers an attractive opportunity for developers looking to capitalize on the demand for housing in the area and take advantage of the property's development potential for long-term returns. There is a 2-bedroom + 1-bathroom single-family residence currently on the lot, currently owner occupied, and will be delivered 100% vacant. The investment allows an investor to capitalize on a densely populated area that continues to experience rapid rent growth.
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Oct 23, 2024
•
MLS# CL24443403 —
This home is listed in more than one place. See it here.
The Building
-
Year Built:1938
-
Stories:1
-
Levels:One Story
-
Architectural Style:See Remarks
-
Building Area Total:1218
-
Building Area Units:Square Feet
Interior
-
Fireplace:false
-
Fireplace Features:None
Room Dimensions
-
Living Area:1218
-
Living Area Units:Square Feet
Location
-
Directions:701 W. 112th Street | Los Angeles 90044
The Property
-
View:None
-
View:false
-
Property Type:Residential
-
Property Subtype:Single Family Residence
-
Lot Size Area:0.2443
-
Lot Size Acres:0.2443
-
Lot Size SqFt:10643
-
Lot Size Units:Acres
-
Zoning:LAR1
-
Parcel Number:6075007020
Listing Agent
- Contact info:
- Agent phone:
- (310) 402-8958
Beds
-
Bedrooms Total:2
Baths
-
Total Baths:1
-
Full Baths:1
Appliances
-
Laundry Features:None
The Community
-
Pool Private:false
-
Pool Features:None
-
Association:false
Parking
-
Garage:false
-
Parking Total:5
Monthly cost estimate
Asking price
$1,095,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$5,863
|
| Taxes | N/A |
| Insurance | $301 |
| Utilities | $125 See report |
| Total | $6,289/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
9/23/24
Sep 23, 2024
|
Listed / Active | BRIDGE | $1,095,000 | 447.5% (38.6% / YR) |
|
5/11/24
May 11, 2024
|
Price Changed | CRMLS_CA | ||
|
2/14/24
Feb 14, 2024
|
Price Changed | CRMLS_CA |
40% of nearby similar homes sold for over asking price
Similar homes that sold in bidding wars went $42k above asking price on average, but some went as high as $125k over asking price.
