Description
high density perfect investment property to build 24-28 units each lot or buy both properties including 1863 W Adams Blvd and build 48-53 Units buyer must verify with city seller may carry first lien with 20% down at 5% interest only loan amazing location on a c2 zone 1.5 miles from USC great development project for the Savy investor
1863- 1875 West Adams Blvd is a Two separate APN four unit apartment buildings being sold together. The property contains a gross rentable area of a combined 9,702SF sitting on a large combined 13,300SF C2 zoned lot. This allows an investor to potentially build up to 53 units with Tier 2 Transit Oriented Communities incentives (buyer to verify with L.A. city planning).This investment is in the rapidly gentrifying West Adams submarket of Mid City, close to newly opened restaurants and cafes such as Highly Likely. Easy access to the 10 freeway and Metrolink access points providing an easy commute to both Downtown or West LA.The building is currently operating as a rooming house, allowing an investor to achieve max rents and fast turnover until development plans are complete.
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Listing Agent: Erik Hererra Courtesy of: New Venture Realty The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 8th February, 2023 1:25 PM (UTC)
