Description

This unique Duplex with a newly added ADU (Total 3 Units) is located between Paxton and Van Nuys Blvd. This property offers a prime investment opportunity with tremendous income potential or enjoy it as owner-users while benefiting from the brand-new ADU and room for added value. Zoned LAR2 (Tier 3 TOC) on an 8,108 sq. ft. lot, it provides numerous development possibilities, including increased residential density in an affordable housing incentive area. This property offers a newly added 2-bed, 2-bath unit (10556 Laurel Cyn), making it a great opportunity for living in one unit while renting out the others, as this unit will be delivered vacant. Units 10558 Laurel Cyn a 1-bed and 1-bath and 10558 1/2 Laurel Cyn 2-bed and 2-bath will be delivered with tenants. Two out of the three units have recently undergone complete updates, including laminate flooring, recessed lighting, new doors, tankless water heaters, new HVAC system and newly cemented lot. Its flexible configuration, zoning advantages, and prime location near major freeways such as the 5, 118, 170, 405 and 118 freeways, make it ideal for investors and owner user alike!