Project now available Off-Market only on a highly trafficked street and in an up and coming neighborhood. Seasoned Valley developer has plans for a 42 Unit development with a unit mix of ⅓ singles and ⅔ 1 bedrooms. This building will be non-rent control and will have 8 low income units. 32 parking spaces are ground level (no podium). Plans are ready for submission to the city .
Based on very conservative calculations, a proforma Cap of 5.6% and a GRM of 15.99 can be achieved for a develop and hold investor. Or build and sell for a 20%+ ROI. Can also be sold with or without plans.
Any reasonable offer will be considered and seller is open to partial carry back under the correct terms.This property can be purchased as art of a three development portfolio with a discount.
A Plans and Full Financial Profile Are Available Upon Request
Contact Bethany: 310.927.8072 or firstname.lastname@example.org