Covered Land Play ~ Dev Site File your plans the day you close! Develop 8 units by right or 15 units using the TOC. Collect rent and offset your carrying costs at this cash flowing 4 Unit until you're RTI. All apartments are one bedroom, one bathroom units approximately 622 square feet each. The property is currently leased up with two newly renovated market rate apartments and two value add apartments with potential upside. Additionally, there are plans already submitted by the seller to convert the detached 4-car garage into an ADU (5th unit) to maximize your ROI. Centrally-located, this Mid City neighborhood has become the go to for tenants who are priced out of the surrounding neighborhoods ie. Miracle Mile to the north, and Culver City to the west. Take advantage of the upward trajectory and low hurdle to entry before this area becomes the investment opportunity that got away!
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
