DEVELOPMENT DEAL. Prime Development Opportunity R3 Lot with Partial RTIAn exceptional opportunity for developers and investors! This R3-zoned lot comes with a partially RTI (Ready-To-Issue) permit, having already passed Planning and currently awaiting approval from the Building and Safety Department. The proposed project is sited for a 20-unit build, consisting… Read More of 16 primary units plus 4 ADUs on the ground floor, maximizing the lot's development potential.Located in a high-demand area with strong rental upside, this property is ideal for those looking to capitalize on Los Angeles's growing need for multi-family housing. With much of the entitlement process already completed, this is a rare chance to step into a nearly shovel-ready development with significant upside.Don't miss this outstanding investment opportunity to build a high-yield asset in a desirable neighborhood. The home currently is a Single Family. Floors have been redone, home has been painted inside and out, new Kitchen, new bathrooms, has never been lived in. Large lot of almost 7k sq feet with a newly constructed backyard. This beautiful home is move in ready. Location is ideal, min from Beverly Grove and a few blocks from Freeway. Easy to show and could be leased furnished as well. Already cash flowing at $4,800/ month with tenant in place month to month Read Less
Courtesy of Christie's International Real Estate SoCal 424-249-7162
Listing Snapshot
Days Online
8
Last Updated
Property Type
Single Family Residence
Beds
3
Full Baths
1
Partial Baths
1
Square Ft.
1,479
Lot Size
0.16 Acres
Year Built
1925
MLS Number
25541897
30 Days Snapshot Of 90019
$1.33M
-11%
(avg) sold price
6
-45%
homes sold
54
-35%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Cooktop - Gas, Washer, Dryer, Refrigerator, Range/Oven, Vented Exhaust Fan
Building
1,479 sq ft, Built in 1925, Levels: One, Detached/No Common Walls, Craftsman
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