We are pleased to present this Multifamily Investment opportunity located in Los Angeles consisting of if three units : (2) One -bedroom/one bath units and (1) 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 buyers verification 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
27 days
|
190
|
6
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Zillow last checked:
Listing updated:
Listed by:
Alex FigueroaDRE #01173239714-757-3822,
eXp Realty of Southern CA
Source: CRMLS,MLS#: RS26122365Originating MLS: California Regional MLS
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 5
Bathrooms: 3
Appliances
Laundry: None
Features
Common walls with other units/homes: 1 Common Wall,No One Above,No One Below
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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