OPPORTUNITY ZONE - 20% DOWN, 80% SELLER FINANCING at 4.0% INTEREST ONLY for 2 years. Currently 100% occupied, this 6-unit multi-family building sits on a 9,003 sf parcel allowing a developer to earn income while plans and entitlements are underway. Eased building restrictions in the Warner Center potentially allows for up to 36-units with NO HEIGHT RESTRICTIONS. Tier 3 TOC zoning only requires 1/2 parking spaces per unit, or if you utilize Warner Center zoning of 1 parking space per unit there is NO REQUIREMENT FOR AFFORDABLE HOUSING. This property is also located in an OPPORTUNITY ZONE, giving the developer an opportunity to build 36 units and in 10 years sell the property and pay ZERO CAPITAL GAINS TAX! Please do NOT disturb the Tenants!
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