This development property offers plenty of opportunity: Expand the current single-family home or maximize profits by building three units.
Zoned R2250 (Medium Density Residential), 1 unit can be built for each 2,250 square feet of lot size. Accordingly, 3 units can be built at approximately 1,000 sq ft each (Buyer to verify). There is a single tenant in place and can stay during entitlement period to offset hold costs.
Located in one of the trendiest neighborhoods in Los Angeles, this property is well located near the Americana, all the restaurants and shops on Brand Street, Griffith Park and many freeways. Tenants will enjoy easy access to the Bette Davis Picnic Area, River Walk and LA Zoo.