Existing 8 unit property with development opportunity in prime Los Feliz location, minutes from the Griffith Observatory. Lot size is 11,616 SF and property is zoned R3-1 TOC tier 3, allowing for up to 14 apartments or condos by right, or 26 units with taking advantage of the TOC density bonus. Property currently has 8 occupied apartments, with low operating expenses, offering immediate rental income.
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