Listed by Ardy Ishal, BRC Advisors- BH,

5318 S Hoover Street

Los Angeles, CA, 90037

$6,295,000

$6,295,000
Active
Active
 - For Sale
property_type
Land
RTI Affordable Housing Development to build 57 units...Unique opportunity to acquire shovel-ready vacant land...Ready-to-issue permits (RTI) - Can start construction immediately - No tenants to relocate / no demolition expenses...permitted with ZERO parking spaces allowing for a tremendous construction-cost savings and speedy construction timeline...engineered for efficiency and designed to be built economically...Projected Profit: $12,200,000 (see financial overview in OM)...can be sold together with 4345 Woodlawn Ave. (RTI to build 33 units) or can be sold separately
MLS® ID:
22180559
Listed:
7/18/22
Updated:
9/27/22
RE/MAX Estate Properties
Cecily Lee

Exterior/Building Features

Lot Size
0.33 acres lot

Other Property Details

Area Name
C42 - Downtown L.A.
Garage
No
Parking
N
View
Y
County
Los Angeles
Pool
No
Zoning
LAC2

 

Listed by Ardy Ishal, BRC Advisors- BH,

Based on information from California Regional Multiple Listing Service, Inc. as of 9/27/22. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

©2022 California Regional Multiple Listing Service. All rights reserved.

Data last updated 1:51 AM UTC, 9/27/22

RE/MAX Estate Properties
Cecily Lee
Contact