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Home for Sale at 1120 Cornwell Street, Los Angeles, CA 90033

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1120 Cornwell Street, Los Angeles, CA 90033
Listing# 18417236
Price: $750,000
Type: Residential Income
County: Los Angeles
    Photo of home for sale at 1120 CORNWELL Street, Los Angeles CA
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Property Description:
We are pleased to present for sale an R3 TOC (Tier 2) development opportunity located just ONE BLOCK from the LA-USC Medical Center and USC Health Sciences Campus. Current improvements are a duplex currently occupied by owner. Due to its excellent location near the medical center this is a prime development opportunity for investors to capture strong rents and high demand from students and healthcare professionals. Lot is also located within the new economic opportunity zone! Lot size is 7500 sqft, meaning a developer can build 9 units by right or up to 16 units utilizing the new TOC regulations (At 16 units, the price per door is under $47,000/door!!!!). New TOC also provides for reduced parking and setback requirements (buyer to verify all zoning and TOC regulations with LADBS). Don't miss this fantastic development opportunity to build in a strong rental demand area of Los Angeles! Duplex to be sold AS-IS.

Property Type:Residential Income
Listing Status:Pending
Area Name:BOYH - Boyle Heights
Year Built:1923
Lot Square Feet:7501
Cooling:See Remarks
Listing Price:$750,000
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Based on information from California Regional Multiple Listing Service, Inc. as of 04/18/2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.


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