Property Detail

Description

Development opportunity. The property is being offered with plans currently in process for a proposed 6 unit multifamily development. Seller has obtained a demolition permit for the existing single family residence, which is intended to be demolished by Seller. The proposed approximately 3,500 SF development includes a planned unit mix of four (4) ADA-compliant 1-bedroom/1-bathroom units and two (2) 2-bedroom/1-bathroom units. Potential opportunity to add approximately 46 ADUs in addition to the proposed 6-unit development. Buyer to independently verify all development opportunities, feasibility, zoning, permits, approvals, plans, and ADU potential with the City of Los Angeles and all applicable agencies. Plans are currently in process and estimated to be Ready-to-Issue (RTI) in approximately 34 months. SELLER FINANCING AVAILABLE