Here is your opportunity to own an investment property on Obama Blvd! This duplex is a value-add or development opportunity in the Leimert Park area of Los Angeles. Take advantage of the Tier 3 TOC density bonus to build addt'l units thanks to the proximity to the Expo line & coming LAX/Crenshaw line. Property is zoned LARD2 which permits 1 unit/every 2,000sqft but can receive a 40% density bonus from the TOC along with reduced parking incentives & increased FAR ratios (buyer to verify). Property is just under 8,000sqft & includes 2 two-car garages off alley. 78-townhomes under construction behind the property. Expo & Crenshaw lines are driving mixed-use development along the transit corridor. Front unit consists of 2Bed/1Bath; rear unit consist of 3Bed/1bath. Sep. metered for elec. & gas w/sep. water heaters. Laundry connections in-unit & in the attached storage room. Prop. Occupied by long-term tenants. Amazing opportunity for investors, developers, & savvy-occupied buyers.
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.
