Description
Calling all INVESTORS and DEVELOPERS! RTI.. Ready to issue permits opportunity! This property comes entitled with ready to issue permits approved by the City of Los Angeles to build 4 units (2x identical duplex structures, 3007 SF each, total 6014 SF). Save months in design, plan-checks, and permitting. At completion this property value is estimated at $2.7M based on similar properties sold in the area. New construction 4 bed/4 bath units are renting for $3200 - $3300 in the area. Total rental income is projected $13,000 per month. Each duplex will be 3-story with 1-car garage and ample on-site parking. Each floor is designed with bedrooms and bathrooms to match. Perfectly designed for roommates. Located just minutes from USC and Downtown LA. Perfect for student housing overflow or young professionals. Location, location, location!
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0BEDS
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0.14ACRES
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0BATHS
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01/2 BATHS
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6,014SQFT
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$158$/SQFT
Description
Calling all INVESTORS and DEVELOPERS! RTI.. Ready to issue permits opportunity! This property comes entitled with ready to issue permits approved by the City of Los Angeles to build 4 units (2x identical duplex structures, 3007 SF each, total 6014 SF). Save months in design, plan-checks, and permitting. At completion this property value is estimated at $2.7M based on similar properties sold in the area. New construction 4 bed/4 bath units are renting for $3200 - $3300 in the area. Total rental income is projected $13,000 per month. Each duplex will be 3-story with 1-car garage and ample on-site parking. Each floor is designed with bedrooms and bathrooms to match. Perfectly designed for roommates. Located just minutes from USC and Downtown LA. Perfect for student housing overflow or young professionals. Location, location, location!
Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-19T23:30:44.243. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Frank Kenny Real Estate Team | Keller Williams Realty South Bay. Licensed in the State of California, USA.