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$1,025,000
Est. payment /mo
5,100 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID TR26055727
HOA Y/N No
Lot Size 5,100 Sqft
Property Description
Shovel ready RTI DEVELOPMENT in prime West Adams. The approved project features a meticulously designed new construction fourplex. The unit mix features three 3-bedroom units and one 4-bedroom unit. The strategic unit mix avoids oversupplied larger units by focusing on high-demand configurations for faster lease-up and better tenant retention. This project was designed by an experienced owner-operator to maximize long-term asset performance and reduce management effort. Designed with features that drive leasing and renewals: parking, open layouts, natural light, large windows, wall-to-wall and double closets, shower tubs, large vanities, in-unit washer and dryer. Plans show two garage parking spaces but the buildings were positioned to accommodate 9 parking spaces. Located adjacent to Culver City, West Adams enjoys a central LA location that attracts professionals from tech, entertainment, and creative industries seeking close to urban living in an emerging culinary hotspot. Close to neighborhood restaurants include CENTO Pasta Bar, Mizlala, Alta Adams, Highly Likely Cafe, Chulita, Tartine, Vicky's All Day, Farmhouse Kitchen, Open Face Food Shop, Maydan Market. This project offers an opportunity to develop thoughtfully designed new construction units in an area with strong rental demand and significant long-term upside.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning LAR2
Interior
Fireplace No
Exterior
Community Features Urban
View Y/N No
View None
Building
Lot Description Rectangular Lot
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5049004007
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
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Listed by Jonathan Minerick Homecoin.com 888-400-2513, DRE #01523060
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