high density perfect investment property to build 24-28 units each lot or buy both properties including 1863 W Adams Blvd and build 48-53 Units buyer must verify with city seller may carry first lien with 20% down at 5% interest only loan amazing location on a c2 zone 1.5 miles from USC great development project for the Savy investor 1863- 1875 West Adams Blvd is a Two separate APN four unit apartment buildings being sold together. The property contains a gross rentable area of a combined 9,702SF sitting on a large combined 13,300SF C2 zoned lot. This allows an investor to potentially build up to 53 units with Tier 2 Transit Oriented Communities incentives (buyer to verify with L.A. city planning).This investment is in the rapidly gentrifying West Adams submarket of Mid City, close to newly opened restaurants and cafes such as Highly Likely. Easy access to the 10 freeway and Metrolink access points providing an easy commute to both Downtown or West LA.The building is currently operating as a rooming house, allowing an investor to achieve max rents and fast turnover until development plans are complete.
Listing Agent: Erik Hererra 01387977 Courtesy of: New Venture Realty "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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Updated: 2nd December, 2022 9:01 PM (UTC)