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.
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