Property Detail

Description

7-Unit Apartment Located in the Hyde Park Neighborhood of Los Angeles | Large 9,477-SF Lot | Rare LAR3 TOC Tier 3 Zoning - Build Up to 21 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 90% in Rental Upside | 10.22% Pro-Forma Cap Rate & 6.78 Pro-Forma GRM | Unit Mix of (One) 2-Bedroom/1-Bathroom House & (Six) 1-Bedroom/1-Bathroom Units | Located Just a Few Blocks from Hyde Park Station for the Crenshaw/LAX Metro Transit Line (K Line) | Offered at $150,000 Per Unit & $282 Per SF | Located 2 Miles from Baldwin Hills Crenshaw Plaza, SoFi Stadium & The Forum and Approximately 2.5 Mile from Intuit Dome (NBA Clippers Arena)