12441 Verdi Marina Del Rey, CA 90066
3 Beds
2 Baths
950 SqFt
Open House
Sun Jan 25, 1:00pm - 3:00pm
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 950 sqft
Price per Sqft $1,421
MLS Listing ID CV26016617
Bedrooms 3
Full Baths 2
Construction Status Building Permit,Repairs Cosmetic,Updated/Remodeled
HOA Y/N No
Year Built 1953
Lot Size 3,746 Sqft
Property Sub-Type Single Family Residence
Property Description
Key Investment Highlights:
-Flexible Property Use: The current layout can be utilized as a spacious single-family residence or converted into two rental units: a 2-bedroom, 1-bathroom and a JADU (Junior Accessory Dwelling Unit) with 1 bedroom and 1 bathroom. Both units feature separate addresses while sharing utilities, enhancing rental income possibilities.
- Ready-to-Issue Permit (RTI): The property comes with an RTI permit to add an estimated 704 square feet, allowing for a seamless expansion. This expansion can be executed while retaining the existing kitchen and bathrooms, making it an efficient project for builders looking to increase property value quickly.
- Projected After Repair Value (ARV): Once expanded to a 4-bedroom, 4-bathroom layout, the property's ARV is estimated between $1.8 million and $2.1 million. This significant increase in value makes it a compelling investment opportunity.
- Prime Location: Situated in the highly sought-after Marina del Rey area, this property is just minutes from the beach, ensuring strong demand and high rental yields.
- Turnkey Condition: Fully renovated and move-in ready, this property requires no immediate work, making it an attractive investment for those looking to generate income quickly.
- Growth Potential: With the added square footage and resulting ARV, you can significantly enhance the property's market value, making it an ideal project for savvy investors and builders.
This is a prime opportunity for builders and investors to secure a property in a desirable location while benefiting from a straightforward expansion plan. Don't miss out on the chance to capitalize on this unique investment!
Location
State CA
County Los Angeles
Area C12 - Marina Del Rey
Rooms
Other Rooms Gazebo, Cabana
Main Level Bedrooms 3
Interior
Interior Features All Bedrooms Down
Cooling Wall/Window Unit(s)
Flooring Laminate
Fireplaces Type None
Fireplace No
Appliance Dishwasher, ENERGY STAR Qualified Water Heater, Gas Range, Microwave, Refrigerator, Range Hood, Water Heater
Laundry Electric Dryer Hookup, Gas Dryer Hookup
Exterior
Parking Features Driveway
Fence Wood
Pool None
Community Features Curbs, Park, Sidewalks
View Y/N Yes
View City Lights
Roof Type Shingle
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Dwelling Type House
Story 1
Entry Level One
Foundation Raised, Slab
Sewer Public Sewer
Water Public
Level or Stories One
Additional Building Gazebo, Cabana
New Construction No
Construction Status Building Permit,Repairs Cosmetic,Updated/Remodeled
Schools
School District Los Angeles Unified
Others
Senior Community No
Tax ID 4221005060
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Special Listing Condition Standard
