14716 Freeman Ave, Lawndale, CA 90260$869,000

INVESTORS ALERT!!! Are you look for a property that has the potential to build more multiple units on the lot to create CASHFLOW? This property is what you have been looking for all along. This is currently a turn-key Single Family House with 3 beds, 2 baths, an Open Floor Plan with a lot of Natural Light that fill every rooms. It sits on a large, beautiful layout lot of almost 7400 Sqft. The house situated all the way to the front of the lot, leaving a spacious, nice and square portion of the land in the back for extra developments. Furthermore, the property is zoned R-2, which allows you to build at least two houses on the lot. Realizing the potential of this property, the current owner has started the process and applied to the city of Lawndale for permits to build a Second House and an ADU in order to maximize the ability to generate INCOMES of this property. In obtaining for building permits, paperworks and documents are 90% done. That means a final architectural plan check has been approved by the city, all that's left is for the new owner to come in, pay the remaining fees to pull the building permits and you are ready to have your contractor start the construction. The approved plan includes the construction of a New 2 Stories Second Single House of 1631 Sqft with an attached two cars garage of 420 Sqft, a New one story ADU of 630 Sqft and a two cars garage of 424 Sqft for the current house. When completed, you will have a total of 3 units on the lot. This helps you save a ton of Time (and Time means Money) and Headache in dealing with the city for paperworks before the construction can actually takes place. There were also many fees to the city, engineer and architect that were all paid by the current owner. The property is super conveniently located, surrounded by many restaurants, markets, malls, freeway entrances, all within walking distance or 5-10 mins drive, 20 mins drive to the beach so you get the best that California weather has to offer. This provides all the conveniencies for potential tenants so you can collect the highest rent possible and that also mean low to zero vacancy rate. This is a Perfect Example of an Investment Property, just waiting for its new owner to take on the project and turn this Cashflow Machine into a reality. It is also perfect for First Time Home buyers who plan to live in it for now and build more in the future to generate income to help out with the mortgage. AMAZING OPPORTUNITY YOU DON'T WANT TO MISS!!!