This property presents an exceptional investment prospect in a rapidly developing area. With a substantial projected rental income and a high cap rate, investors can expect significant returns. Furthermore, the use case on the block creates a legitimate opportunity argument to receive community and ZBA support! Projected Gross Rent: $90,360 annually, Potential Approval For 4-unit property, 3 & 2 Bedroom Counts On 4 Floors + Egress Basement, Potential 2 Car Rear Parking and The Block Is Poised For Development. This building would make an excellent addition to your portfolio. Contact us today to learn more about this exciting investment opportunity.
The income description goes here to explain
List Price | $125,000 |
Property Type | Lots/Land |
Usable Sqft | Unknown |
Number of Stories | 0 stories |
Parking Spots | 0 spots |
Year Built | 0 |
Last Sold | Unknown |
Sold Price | Unknown |
APN # | 364108605 |
MLS # | PAPH2345410 |
Property ID | 293687438 |
Lot Sqft | 1,638 |
Zoning | RSA5 |
Days on Market | 199 |
Original List Price | Unknown |
Date Updated | August 25, 2024 |
Date Created | May 13, 2024 |
Richard K Cassell an agent of KW Empower. Lic #RS330536
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2708 Wilshire Blvd #197
Santa Monica, CA 90403
California ## 01956587
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT