Property Detail

Description

Great cashflow or development opportunity in vibrant, high rental demand area. Zoned R1.5, TOC Tier 3 with significant density bonuses and reduced parking requirements. Close to public transportation, and the famous El Salvador Corridor with its many restaurants, shops and houses of worship. Fully occupied with long term tenants. Low maintenance-- separately metered utilities, including trash. Owner pays water only. 6.1% Cap rate. Charming Queen Anne revival architecture. Lots of upside. Convenient to West Adams, USC and Downtown. Drive by only, offer subject to interior inspection.