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Tricia Mcmullan

tricia.mcmullan@redfin.com +1(626) 318-7433

$ 1,192,500

Est. payment -/mo

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Price Dropped by $2K

7530 & 7532 Gaviota AVE Los Angeles, CA 91406

3 Beds

3 Baths

1,873 SqFt

Open House

Sun Nov 08, 12:00pm - 2:00pm

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 1,873 sqft

Price per Sqft $636

MLS Listing ID 26943911

Bedrooms 3

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1948

Lot Size 7,431 Sqft

Lot Dimensions Assessor

Property Description

TWO RESIDENCES. MULTIPLE POSSIBILITIES. A SELLER READY TO GET CREATIVE! Offered at $1,192,500, this substantially improved, fully vacant two-residence property presents an exceptional opportunity for investors, owner-occupants, and buyers seeking flexibility in today's market. The seller is open-minded and willing to consider creative proposals that make sense for both parties, including a traditional purchase, lease-option, leasing one or both residences, or potentially a cash-to-existing-financing structure utilizing an attorney-drafted subject-to agreement, where legally permissible and acceptable to all parties. The property features a beautifully renovated 2-bedroom, 2-bath main residence plus a permitted, newly constructed 1-bedroom, 1-bath ADU with private access and its own outdoor area. The main residence also offers a former third bedroom with a closet, now configured as a flexible office, den, or creative workspace. Major improvements include plumbing, electrical, HVAC, sewer connection to the ADU, tankless water heater, pool finish, landscaping, gates, driveway, and more. Additional features include a private swimming pool, multiple outdoor spaces, and off-street parking for up to three vehicles. Both residences are vacant, with projected combined rental income of approximately $7,390 per month, or $88,680 annually. Based on projected rents and expenses, the property calculates to an estimated 13.48 pro forma GRM and 5.2% pro forma cap rate. Purchase it. Lease it. Live in one and rent the other. Bring your ideas. The seller is prepared to consider a well-structured proposal from the right buyer or investor. Any creative financing arrangement is subject to negotiation, legal documentation, applicable loan provisions, and approval of the parties. Existing financing is not represented as assumable. Financial projections are estimates only and should be independently verified.

Location

State CA

County Los Angeles

Area Lkbl - Lake Balboa

Zoning LAR1

Interior

Interior Features Ceiling Fan(s), Open Floorplan, Recessed Lighting, Utility Room

Heating Central, Electric, Wall Furnace

Cooling Central Air

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Disposal, Microwave, Oven, Range

Exterior

Parking Features Driveway

Pool Fenced, Private

Community Features Gated

View Y/N Yes

Porch Covered, Front Porch, Open, Patio

Total Parking Spaces 3

Private Pool Yes

Building

Lot Description Back Yard, Lawn, Rectangular Lot

Faces West

Story 1

Entry Level One

Foundation Raised, Slab

Sewer Sewer Tap Paid

Architectural Style Modern

Level or Stories One

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 2206017005

Security Features Carbon Monoxide Detector(s),Gated Community,Smoke Detector(s)

Acceptable Financing Cash, Conventional, FHA, Lease Option, Private Financing Available, VA Loan

Listing Terms Cash, Conventional, FHA, Lease Option, Private Financing Available, VA Loan

Financing Cash,Conventional,FHA,VA

Special Listing Condition Standard

Virtual Tour https://www.zillow.com/view-imx/b845ffad-ce0c-487f-9b65-4926b39a6918?wl=true&setAttribution=mls&initialViewType=pano

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Listed by Roddy de la Garza Epique Realty #01995374