2925 S Western Avenue

    Los Angeles (City), CA 90018
    • $1,790,000
    • STATUS: Active
    • ON SITE: 176 days
    • ID#: 19492574
    UPDATED: 22 min ago
    $1,790,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    LAC2 Zoning. 80 Ft x 95 Ft. Started RTI Process for 18 Units Residential Building. 15 x Studios, 1 x 1 Bedroom, 2 x 2 Bed 1 Bath. 2 units are designated as low-income units. Expected Gross Rent Income of $403,200. Cap Rate 4.7 = $6,000,000 price tag. Great Up & Coming Area. Corner lot for ease Construction. SELLER MAY SELL PRIOR TO RTI WITH DISCOUNT. ONCE IN A LIFETIME OPPORTUNITY!!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-01-18T13:28:51.603. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or J1 REALTY GROUP. Licensed in the State of California, USA.

    www.j1re.com/homes/97253390

    2925 S Western Avenue Los Angeles (City), CA 90018

    • Price: $1,790,000
    • Status: Active
    • Updated: 22 min ago
    • ID#: 19492574
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    LAC2 Zoning. 80 Ft x 95 Ft. Started RTI Process for 18 Units Residential Building. 15 x Studios, 1 x 1 Bedroom, 2 x 2 Bed 1 Bath. 2 units are designated as low-income units. Expected Gross Rent Income of $403,200. Cap Rate 4.7 = $6,000,000 price tag. Great Up & Coming Area. Corner lot for ease Construction. SELLER MAY SELL PRIOR TO RTI WITH DISCOUNT. ONCE IN A LIFETIME OPPORTUNITY!!
    Exterior Features

    Lot Size Dimensions 80X95

    Property Features

    Lot Dimensions Source Assessor Special Listing Conditions Standard Zoning Lac2

    Listing provided courtesy of Max Lee of Dream Realty Asset Mgt, Inc. and Bruce Lee of Dream Realty Asset Mgt, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-01-18T13:28:51.603. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or J1 REALTY GROUP. Licensed in the State of California, USA.

     
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