Value-Add Opportunity! Renovated Four-Unit Property with RTI's for Two Additional Units!
This beautifully renovated four-unit property offers a rare chance to own a prime piece of real estate with Ready-to-Issue (RTI) permits for two additional units. Each of the existing four units features 2 bedrooms and 1 bath, and has undergone an extensive overhaul, including:
* New plumbing and electrical systems
* State-of-the-art heating and A/C
* Tankless water heaters
* New doors, windows, and flooring
Every unit is equipped with in-unit washer and dryer, dishwasher, stove, oven, microwave, and refrigerator. The property also includes off-street parking and separately metered gas and electricity for each unit.
The approved plans are for two additional units at the rear of the property: one 1-bedroom, 1-bath unit and one 2-bedroom, 1-bath unit, offering excellent value-add potential. Current rents already deliver strong returns, and with one vacant unit, there’s an opportunity for owner occupancy or increased rental income.
Future Development Options:
1. Remove the Existing Garage: Option to open up area for additional parking spaces
2. Modify Plans for Grade-Level Parking Underneath New Construction: Build the additional units above, with parking underneath to optimize space.
3. Leave As Is: The new owner has the flexibility to build the two units when ready.
The large, underutilized space behind the existing garage provides an incredible opportunity to increase the property's value. With these options, the property offers both immediate and future returns.
For more information or to schedule a viewing, please contact:?Jill Fischer: 818-231-9207?Jeffrey Politz: 310-850-1500