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2146 Fargo Street

Echo Park, CA 90039
  • $899,999
  • STATUS: Active Under Contract
  • ON SITE: 59 Days
  • ID#: SR21185568
Under Contract
UPDATED: 18 min ago
$899,999
  • 1
    BEDS
  • 0.17
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 608
    SQFT
  • $1,480
    $/SQFT
Type:
Single-Family Home
Built:
1922
County:

School Ratings & Info

School District:

Description

Do you investors like shovel ready projects with plans that are ready to go? Then this is your project! The property is zoned LAR2. This project is a tear down with plans for two optional strategies. Plans for Option 1 include: A 2147 sq. ft. front home with 3 Bedrooms and 3 bathrooms, with a 162 square foot deck, and a 707 sq. ft garage; The plans for the second home on the lot are for a 2,172 sq.ft. home, with 3 bedrooms and 3 bathrooms in the rear, a 216 sq. ft. deck, a 720 square foot garage, and a 413 sq.ft. 1 bedroom and 1 bathroom ADU. Plans for Option 2. A 2,465 sq. ft. 4 bedroom home with 3 bathrooms, 148 sq. ft. covered patio, and a 531 sq. ft. garage. An ADU or secondary home could also be added in the rear. The architects have done a masterful job at utilizing space with great design! The play: Build and flip, or build and hold for a nice rental income on 2-3 units. You could also be an end user who wants to live in a unit and have the other units pay towards your mortgage. Many possibilities in this active area!! Please do your own due diligence and research new construction and rents for new construction. Plans will be shared with serious qualified buyers. Property to be purchased as-is. All utilities have been capped and turned off. Demolition is permitted and ready to go! Quote for demolition and removal is $33,500 with removal of the complete structure including: -structure -foundation -slab * Company will get the sewer line to pass inspection. -lot clean up and grading * Demolition Company will remove all trash and debris * Demolition Company will clean and grade all lot area - Demolition Company will remove all driveway asphalt and concrete. See supplements.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-23T23:26:28.27. 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 deemed reliable but is not guaranteed accurate by the MLS or Better Living SoCal. Licensed in the State of California, USA.
www.betterlivingsocalhomes.com/homes/120773603
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2146 Fargo Street Echo Park, CA 90039

  • Price: $899,999
  • Status: Active Under Contract
  • Updated: 18 min ago
  • ID#: SR21185568
1
Beds
1
Baths
0
½ Baths
0.17
Acres
608
SQFT
$1,480
$/SQFT
1922
Built
Neighborhood:
C21 - Silver Lake - Echo Park
County:
Los Angeles
Area:
C21 - Silver Lake - Echo Park
School District:
Los Angeles Unified
Property Description
Do you investors like shovel ready projects with plans that are ready to go? Then this is your project! The property is zoned LAR2. This project is a tear down with plans for two optional strategies. Plans for Option 1 include: A 2147 sq. ft. front home with 3 Bedrooms and 3 bathrooms, with a 162 square foot deck, and a 707 sq. ft garage; The plans for the second home on the lot are for a 2,172 sq.ft. home, with 3 bedrooms and 3 bathrooms in the rear, a 216 sq. ft. deck, a 720 square foot garage, and a 413 sq.ft. 1 bedroom and 1 bathroom ADU. Plans for Option 2. A 2,465 sq. ft. 4 bedroom home with 3 bathrooms, 148 sq. ft. covered patio, and a 531 sq. ft. garage. An ADU or secondary home could also be added in the rear. The architects have done a masterful job at utilizing space with great design! The play: Build and flip, or build and hold for a nice rental income on 2-3 units. You could also be an end user who wants to live in a unit and have the other units pay towards your mortgage. Many possibilities in this active area!! Please do your own due diligence and research new construction and rents for new construction. Plans will be shared with serious qualified buyers. Property to be purchased as-is. All utilities have been capped and turned off. Demolition is permitted and ready to go! Quote for demolition and removal is $33,500 with removal of the complete structure including: -structure -foundation -slab * Company will get the sewer line to pass inspection. -lot clean up and grading * Demolition Company will remove all trash and debris * Demolition Company will clean and grade all lot area - Demolition Company will remove all driveway asphalt and concrete. See supplements.
Exterior Features

Lot Features 0-1 Unit/Acre Parking Total 0 Pool Features None Pool Private YN No Property Attached YN No View City Lights View YN Yes

Interior Features

Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Main Level Bathrooms 1 Main Level Bedrooms 1

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features LakeSuburban Garage YN No Land Lease YN No Laundry Features None Lease Considered YN No Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional New Construction YN No Property Sub Type Single Family Residence Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Structure Type House Water Source Public Zoning Lar2

Listing provided courtesy of Ronald Aaron of Beverly And Company, Inc.


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-23T23:26:28.27. 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 deemed reliable but is not guaranteed accurate by the MLS or Better Living SoCal. Licensed in the State of California, USA.
 
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