Property Detail

Description

Four Single-Story Units on a Large 9,299-SF Lot | Residential Asset - Perfect Owner-User Opportunity | Located in the Rapidly Gentrifying & Revitalized Neighborhood of Los Angeles | 5.90% Current Cap Rate & 11.34 Current GRM | 8.68% Pro-Forma Cap Rate & 8.55 Pro-Forma GRM | Unit Mix of (Two) 4-Bedroom/2-Bathroom Units and (Two) 1-Bedroom/1-Bathroom Units | Rare LAR3 TOC Tier 3 Zoning - Build Up to 20 Units* | TOC Tier 3 High Density Bonus Allowance with No Subterranean Parking Required & Only 0.5 Parking Spaces Per Unit | Tremendous Value-Add Opportunity - Approximately 33% in Rental Upside | Located 3 Miles from SoFi Stadium, Youtube Theatre, The Forum & Intuit Dome (NBA Clippers Arena) | Qualifies for Residential Financing