Amazing Development Opportunity in Prime Mid-Wilshire area Adjacent to Silver Lake. This exceptional investment opportunity comes with submitted plans for a 13-unit apartment building allowing a savvy investor or developer to save money and time on acquiring the RTI plans. The architectural plans feature 10 spacious 1-bed/1-bath units, 3 premium… Read More 2-bed/2-bath units, and 2 recreation rooms, with a total Gross Building Area of 12,600 sqft and Gross Living Area of 7,700 sqft. Additionally, the project qualifies for both the ED1 and CHIP offering significant time and cost-saving development benefits. All the architectural and engineering fees have been paid. The house is currently furnished and rented on month to month basis colleting approximately $4000/month. It can be delivered both vacant or with tenant, allowing an investor to collect rent while working toward RTI. Located just moments from Metro stations, vibrant nightlife, dining, and cultural landmarks, this property sits in one of L.A.'s strongest rental markets. Read Less
Property listed by Keller Williams Beverly Hills, Arash Pashaei 310-432-6400
Listing Snapshot
Days Online
35
Last Updated
Property Type
Other
Lot Size
0.14 Acres
MLS Number
25572951
30 Days Snapshot Of 90004
$1.37M
-51%
(avg) sold price
6
-50%
homes sold
63
-22%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
0.1433 acres, 6,242 square feet, Size: 6,242
Property
Zoning: LAR3, None
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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