4913 Lynnfield Street, Los Angeles, CA 90032

$699,000 Asking Price

2 beds
1 bath
690  sqft
Built in 1926

A wonderful opportunity awaits in one of the highly sought after neighborhoods in the vibrant Northeast LA! The property features a recently remodeled 1 bedroom, 1 bath home, plus a lower level that already started and mostly completed finishings for a JRADU unit, there are must a few items needed to wrap up permitting for this unit. In addition, there is also RTI plans approved by the city included and ready for you to build a detached ADU unit. This property offers tremendous potential for an owner-user with tons of potential for market rents to help subsidize your mortgage or makes for an ideal rental investment for the investor looking to capture tremendous equity build up with the value-add of 2 additional units and excellent performing cap rate with 3 units at market rent. Conveniently located within minutes to DTLA, USC medical Ctr, Pasadena, Glendale, and minutes from the trendy Fig & York corridor in Northeast LA!


Features & Amenities

Interior

Appliances:
Free-Standing Range,Microwave,Refrigerator
Laundry:
Washer Hookup
Flooring:
See Remarks
A/C:
true, Ductless
Heating:
true, Ductless
Fireplace:
None

Exterior

General:
None
Pool:
None
Parking:
Detached Carport,Driveway, Parking spaces: 2

Construction

General:
1

Location

Originating MLS:
CRMLS
County:
Los Angeles

Lot

Zoning:
5218010036
View:
None
Fencing:
See Remarks

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
CRMLS

This listing courtesy of:
eXp Realty of California, Inc., Daniel Portillo

About Los Angeles, CA

Housing

Number of Units
906,276
Median Home Value
$764,749
Median Rent
$1,399

71.58% of housing units are renter occupied.

6.82% are vacant.

Commute

Car
56.67%
Public Transportation
8.41%
Walk to Work
3.27%
Work from Home
29.71%
Other
1.00%

The median travel time to work is 25 minutes.

People

Population
2,373,885
Median Age
35.80
Median Household Size
2.78

Education

High School
18.57%
Associate’s Degree
5.55%
Bachelor’s Degree
22.72%
Graduate Degree
12.23%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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