Investment opportunity in the heart of Los Angeles, also known as 7301 Towne Ave. This property is situated on a large corner lot and features a single-family home and a duplex, offering three units in total. With its desirable R2 zoning, this property presents incredible potential for adding value, whether through upgrading the existing units, increasing rents to market rates, or developing an ADU. With a 4% cap rate, this property is perfect for investors seeking steady returns with room to grow. The spacious corner lot allows for creative development opportunities, making it an ideal choice for those looking to maximize income potential or create additional living spaces. Located in a convenient area close to schools, parks, and public transportation, this property combines solid investment fundamentals with the opportunity to enhance its value.
Property Details
Price:
$885,000
MLS #:
25477221
Status:
Active
Baths:
0
Address:
358 E 73rd Street
Type:
Residential Income
Neighborhood:
c37metropolitansouth
City:
Los Angeles
Listed Date:
Jan 6, 2025
State:
CA
ZIP:
90003
Lot Size:
6,716 sqft / 0.15 acres (approx)
Year Built:
1937
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Schools
Interior
Cooling
None
Exterior
Parking Features
None
Parking Spots
0.00
Financial
Map
Community
- Address358 E 73rd Street Los Angeles CA
- AreaC37 – Metropolitan South
- CityLos Angeles
- CountyLos Angeles
- Zip Code90003
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358 E 73rd Street
Los Angeles, CA
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