INCOME PRODUCING HOME WITH NEARLY COMPLETED 3 BEDROOM 2 BATHROOM ADU! $85,000 remaining to finish ADU, property has already appraised for $970,000 post completion of ADU. Incredible income-producing opportunity in the heart of South Los Angeles! Situated directly across from Figueroa Elementary School, this charming 3-bedroom, 1.5-bath single-story residence sits… Read More on a spacious lot and is already tenant-occupied, generating immediate rental income from day one. The main home offers 1,160 sq ft of comfortable living space and has been tastefully updated with a newer roof, fresh interior paint, original hardwood and tile flooring, and a thoughtful layout that includes a separate dining area, an inviting living room, and a dedicated laundry room. The property also includes a gated rear driveway with alley access and a detached garage, offering ample parking and potential for additional storage or creative use. What truly sets this property apart is the fully framed, detached two-story ADU in the rear. It is an 800 sq ft, 3-bedroom, 2-bath structure that is already well underway. With approved plans and permits already pulled, rough plumbing and electrical completed, and framing fully done, this ADU is just about two months away from completion. The current builder is ready and willing to finish the project at the originally quoted price, making this an ideal value-add opportunity for any investor or owner-user looking to maximize ROI with minimal hassle. Once complete, the ADU is projected to rent for $3,500-$3,600/month, offering tremendous cash flow potential. Located in a well-established and growing neighborhood, this property is near local schools, parks, shopping centers, public transportation, and offers quick access to major freeways for an easy commute throughout Los Angeles. Whether you're looking to add to your investment portfolio or secure a long-term property with significant upside, 533 W 111th Street is a rare chance to own a stabilized rental with a high-yielding ADU nearly ready to go for a buyer who is willing to complete the ADU project and enjoy the uptick in equity as well! Fully discerning buyer will be able to pick their own style of finishes and truly make the ADU their own. Read Less
Property listed by Compass, Ideen(Eddie) Toudeh Fallah 323-593-6999
Listing Snapshot
Days Online
6
Last Updated
Property Type
Single Family Residence
Beds
3
Full Baths
1
Square Ft.
1,160
Lot Size
0.11 Acres
Year Built
1940
MLS Number
25557447
30 Days Snapshot Of 90044
$637k
+3%
(avg) sold price
8
-52%
homes sold
98
+6%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dishwasher, Microwave
Building
Built in 1940, Building area total: 1,160, Levels: One, Living area: 1160, 1 story, Architectural style: Bungalow, Common walls: NoCommonWalls
Cooling
CentralAir
Fireplaces
None
Floors
Wood
Heating
Central
Lot
0.1121 acres, 4,881 square feet, Size: 4,881
Parking
2 totals parking, Driveway
Pool
None
Property
Zoning: LAR1
Spa
None
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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