Covered Land Play with C2 Zoning ~ Dev Site situated on a corner lot. File your plans the day you close to develop 12 units by right or 20 units using the TOC Tier 1 allowance. Collect rent and offset your carrying costs until you're RTI or renovate the existing home and add to your rental portfolio. This fully fenced 3 bedroom, 1 bathroom, 1185sf home includes a finished attic that could be used as a flex space or additional storage, a generous driveway that can accommodate 2-3 cars, and an additional curb cut approach off Normandie Ave for additional parking/access in the rear of the property. Property needs some TLC, is being sold in its current AS-IS condition and can be delivered vacant at close of escrow. Centrally located near major freeways (110, 10, 405 & 105), DTLA, USC, SoFi Stadium, The Forum and LAX. Take advantage of the upward trajectory and low hurdle to entry of this South Los Angeles neighborhood before this becomes the investment opportunity that got away!
Listing Agent: Jesse Ramos 01930503 Courtesy of: COMPASS "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: 5th October, 2022 9:50 AM (UTC)