701 W 112th ST, Out of State CA 90044

The possibilities of this Westmont property are seemingly endless, ideal for owner/occupants, income property potential, and development opportunities, with an almost-quarter-acre lot. Northwest of the intersection of the 110 and 105 Freeways, this well-positioned site is close to both private and public transportation corridors. Centrally located, a fifteen-minute drive in any direction will get you a lot of places: Dockweiler Beach, SoFi Stadium, Intuit Dome, USC, The Memorial Coliseum, downtown LA, or downtown Long Beach, and any number of entertainment venues, retail centers, and employment hubs throughout the city. The Harbor Transitway is less than ¾ of a mile away, providing easy access to all destinations north and south, from El Monte to San Pedro, with Union Station in between. The Metro C Line is a half-mile away, with east/west train service from Norwalk to the new LAX/Metro Transit Center, and easy access to the airport. A perfect place for an aspirational owner/occupant to start, this charming, well-maintained 1930s bungalow has many original details intact: custom built-ins, vintage tile, wood-burning fireplace, and mature landscaping cultivated by the current owner. From there, Senate Bill 9 (SB 9) allows for many options to increase density on this single-family residential lot, including up to four units now (and undoubtedly more units later), with various combinations of single-family homes, duplexes, accessory dwelling units, and junior ADUs, in addition to legal lot split. This potential allows for both slow growth on the site over time, or immediate speculative development, making this property a highly attractive asset to both the small-scale homeowner and the large-scale investor.