1953 Butler Avenue
Los Angeles, CA 90025
- 2 beds
- 1 bath
- 750 sqft
- 4,995 sqft lot
- $2,066 per sqft
- 1948 build
- – on site
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Investors, Developers and Home Owners will love this incredible opportunity to own this amazing property with approved plans for a 1200 square foot 3 bedroom 3 Bath ADU unit with modern architecture. This location has amazing potential as an income producing property. This home is in a prime West LA location situated between Santa Monica, Century City and Westwood. The owner has already secured all the permits for the ADU. The build out has commenced with grading, footings and framing. Seller is willing to partner with investor/buyer to finish the ADU over the next 3 to 4 months and share in the profit margins. Potential ARV after completion of ADU based on current apraissal is 2.7 Million. In addition the front house 750 square feet can be increased to 3106 square feet or can be torn down and rebuilt to increase the ARV. Seller is also willing to continue the completion of the ADU for $275 a square foot. Estimated/Expected Subject to Completion Value is $2,900,000 based on apraissal report dated November 6, 2019
Listed By CRMLS_CA / EDWARD RODARTE / INTERO REAL ESTATE SERVICES
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Last updated Apr 19, 2024
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MLS# CV20011082 —
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Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
1/2/19
Jan 2, 2019
|
CRMLS_CA | $1,250,000 | ||
11/26/18
Nov 26, 2018
|
Pending | DAMLS | ||
11/6/18
Nov 6, 2018
|
Listed / Active | DAMLS |