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12603 Ralston AVE Sylmar, CA 91342
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Key Details
Sold Price $560,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 520 sqft
Price per Sqft $1,076
MLS Listing ID SR20068375
Sold Date 05/14/20
Bedrooms 1
Full Baths 1
HOA Y/N No
Year Built 1947
Lot Size 0.389 Acres
Acres 0.3895
Property Description
THE ULTIMATE MARKET-PROOF REAL ESTATE INVESTMENT. Almost ***17,000sq ft of lot space*** on ***RD3 zoning***. Garage converted to a ***guesthouse*** with kitchenette & bathroom (buyer to verify permits). Easy rental income as you work on permits. Easy rental income for work trucks, or anything, as you realize your grand vision. This investment is market-proof. In other words, no matter what's going on - land and zoning is ALWAYS PROFITABLE. In fact, take advantage of NOW - there are less buyers in the market, meaning less competition for you!
Because of its zoning, you may be able to ***build several units*** on there. Each SFR can have an ADU and a JR ADU!! Turn this cheap property into multiple residences. Or tear everything down and just build a PUD (planned urban development), multi-unit community.
Rarely will see you see a property for this price with these possibilities.
Location
State CA
County Los Angeles
Area Syl - Sylmar
Zoning LAR1
Rooms
Main Level Bedrooms 1
Ensuite Laundry Common Area
Interior
Interior Features All Bedrooms Down
Laundry Location Common Area
Heating Central
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Park
View Y/N Yes
View Mountain(s)
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Rectangular Lot, Value In Land
Story 1
Entry Level One
Sewer Septic Tank
Water Public
Level or Stories One
New Construction No
Schools
School District Los Angeles Unified
Others
Senior Community No
Tax ID 2506034035
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, VA Loan
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, VA Loan
Financing Cash
Special Listing Condition Standard
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Bought with Marie Kazandjian • Keller Williams R. E. Services
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