9500 S Spring Street, Los Angeles, CA 90003

$598,000 Asking Price

4 beds
2 baths
1,321  sqft
Built in 1925

Ideal buy and hold development opportunity. This fully vacant, centrally located duplex offers two freestanding houses on a street to street lot, as well as a separate garage with attached workshop. The large front unit is currently a two-bed/one-bath but can potentially be reconfigured as a three bed. The rear unit is currently being used as a two-bed/one-bath, and the garage and workshop can be converted to an ADU There is plenty of off street parking for three rentals, and the possibility of generating huge monthly income either with the updated section 8 rent schedules or with market rate rents. Multiple development strategies exist for this exciting fixer which is zoned R-2 and is close to public transit. No blind offers. Sellers to make no repairs or concessions. Cash or hard money offers only.

Features & Amenities

Interior

Laundry:
Kitchen
A/C:
N/K
Fireplace:
N/K

Exterior

Pool:
None
Parking:
Parking spaces: 1

Construction

General:
1 Story

Location

HOA Amenities:
0.0
Originating MLS:
California Regional MLS
County:
Los Angeles

Lot

Zoning:
LAR2, 6053008032
View:
N/K

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
California Regional MLS

This listing courtesy of:
Altadena Real Estate Company, Steve Aranda

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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