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Previous Description:
Tremendous Live/Work opportunity in heart of Hyde Park, adjacent to the 5.5 mile Rail-to-Rail path. A $143 Million project investment into the community, which triggered favorable and flexible zoning with more density allowed. This offering features a wood-frame stucco house on a raised foundation situated on a 4,805 square foot lot, its the lowest price per square foot on improvement in all of South LA {$252.80}. The single-family house is approximately 1,085 square feet with two bedrooms and one full bathroom, with a bonus room for a potentially a third bedroom. The house features a spacious living with a semi open layout to a large kitchen area. It also has ADU potential of converting 445 SF existing rear garage into an ADU while keeping the warehouse component. It has a new 200 AMP electrical panel, newer double pane windows, roof, plumbing, upgraded plumbing, kitchen cabinets, furnace, water heater, washer/dryer hook ups, and driveway which could park up to 3 vehicles. The property is completely fenced and gated, it also includes a yard behind the garage. There is a massive garage/warehouse component attached the single-family home. This rear garage/warehouse building has generous ceiling height it's approximately 1,680 total square foot, with 16-foot ceilings and 8'5" X 8'5" ground-level roll up door plus a standard door for ingress/egress. This is rare opportunity to acquire an ideal live/work building with highly leverage financing. A Buyer could purchase these live/work structures with a first time Buyer residential loan, with fixed financing and a low-down payment looking at this opportunity from a residential perspective. On the other hand, the rear structure is more than 51% of the rentable square footage. SBA loan is a potential loan opportunity to purchase this building with 10% down payment, if a Buyer can demonstrate they will be using the rear building for this business. This is perfect for any light industrial user such as a woodworker, auto related use or artistic with an open canvass ready to customize to suit their business needs.
Updated Description:
Tremendous Live/Work opportunity in heart of Hyde Park, adjacent to the 5.5 mile Rail-to-Rail path. A $143 Million project investment into the community, which triggered favorable and flexible zoning with more density allowed. This offering features a wood-frame stucco house on a raised foundation situated on a 4,805 square foot lot, its the lowest price per square foot on improvement in all of South LA {$252.80}. The single-family house is approximately 1,085 square feet with two bedrooms and one full bathroom, with a bonus room for a potentially a third bedroom. The house features a spacious living with a semi open layout to a large kitchen area. It also has ADU potential of converting existing rear garage into an ADU while keeping the warehouse component. It has a new 200 AMP electrical panel, newer double pane windows, roof, plumbing, upgraded plumbing, kitchen cabinets, furnace, water heater, washer/dryer hook ups, and driveway which could park up to 4 vehicles. The property is completely fenced and gated, it also includes a yard behind the garage. There is a massive garage/warehouse component attached the single-family home. This rear garage/warehouse building has generous ceiling height it's approximately 1,680 total square foot, with 16-foot ceilings and 8'5" X 8'5" ground-level roll up door plus a standard door for ingress/egress. This is rare opportunity to acquire an ideal live/work building with highly leverage financing. A Buyer could purchase these live/work structures with a first time Buyer residential loan, with fixed financing and a low-down payment looking at this opportunity from a residential perspective. On the other hand, the rear structure is more than 51% of the rentable square footage. SBA loan is a potential loan opportunity to purchase this building with 10% down payment, if a Buyer can demonstrate they will be using the rear building for this business. This is perfect for any light industrial user such as a woodworker, auto related use or artistic with an open canvass ready to customize to suit their business needs.
