$1,200,000 USD
310-382-6705
HIGHLIGHTS
- Prime duplex with development potential located on the Southern edge of Koreatown.
- 7,505 SF lot zoned R4-1, situated in a Tier 3 Transit Oriented Community.
- This duplex property currently consists of Two 2-Bedroom Units and will be delivered with 1 Vacancy (top floor unit).
- The downstairs occupied unit generates approximately $2,650/month in rental income.
OVERVIEW
This well-located R4-zoned duplex is being offered together with the adjacent 32-unit property located at 3701 W. 9th Street. This large 7,505 SF lot features a duplex with 2 Two-Bedroom units and will be delivered with the upstairs unit Vacant. The property is located in a Tier 3 Transit Oriented Community (TOC) allowing for additional density for development. Developers may explore additional incentives such as AB 2097, AB 2345 and ED 1 (Buyer to Verify).
FOR SALE DETAILS
PRICE
$1,200,000 USD
PRICE/SF
$420 USD /SF
# OF UNITS
2
PRICE/UNIT
$600,000
CAP RATE
Request Cap Rate
% LEASED
50%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
R4 Zoned Duplex Offered with 32-Unit Adjacent
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1909
PARKING SPACES
10
LAND DETAILS
LAND ACRES
0.17 AC
LAND SF
7,405 SF
ZONING
LAR4
APN/PARCEL ID
5092-024-009
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310-382-6705
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310-382-6705
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