Property Detail

Description

We are pleased to present this Multifamily Investment opportunity located in Los Angeles consisting of if three units TWo One -bedroom/one bath units and One Two- bedroom/one bath unit. The property is currently undergoing renovations and is completely vacant and is being offered in its current condition. For buyers seeking a fully completed renovated property, pricing will be adjusted accordingly based on the scope and level of finishes requested. The property is currently vacant and this also adds value because the new buyer will be able to establish market rents day one. The property is zoned LARD 1.5 which may allow up to 8-10 total units, subject to the buyer to verify with the city. This creates a strong value-add component and a redevelopment opportunity for the right investor seeking additional density and long-term upside potential. This area has shown tons of growth and lots of business development in the immediate area is good for economic growth. Rendered Pictures are Renderings of the existing structure. This property offers a unique opportunity to build in a very up and coming area and close to Downtown LA. Buyer to do all investigation on building opportunities with the city