Once in a lifetime Now 100% Vacant 4 Fixer Units with preliminary plans to add 3 ADUs sitting on a large 8,000 SF R-3 Lot with Alley Access. This is a great value, priced at only 278k/door for vacant units with a huge upside to a 10.9% Cap Rate and 7.9 GRM after renovations. Individually metered for Gas & Electricity. Excellent location minutes from Koreatown, DTLA, Crypto.com Arena, and LA Live. Potential to build 1 Attached Studio ADU in the basement plus 2 detached 2-stories 1,005 SF 4 Bed 2 Bath ADUs in the back. Price/Unit, Cap Rate, & GRM are based on Total Price for sake of conservatism, which includes construction costs of ADUs.
Listing Agent: Julio Ruiz 01911261 Courtesy of: Global Platinum Properties, Inc. "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: 6th October, 2022 10:10 AM (UTC)
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