Residential Income, Craftsman - Los Angeles, CA

Now presenting an incredible opportunity to acquire a development project to build up to 4 units in prime Mid-Wilshire. Current property consists of 4 units at below-market rates -three 1BR\/BA units and one 2BR\/1BA unit. All of the units are subject to rent control, though the owner's unit may be delivered vacant at COE. The flat lot measures 5902 SF; the two new 4-unit builds on either side of this home have the exact same square footage. The property is located near new retail & residential development projects, major L.A entertainment centers, employment and transportation hubs. Surrounded by high barrier entry markets (Hollywood, Hancock Park, Koreatown, DTLA).