Description
This mid-city RTI development opportunity, located just south of Carthay Square, comes with approved plans for a duplex and an ADU with a garage (that is to be converted to an ADU after the certificate of occupancy). Based on market rents for renovated units in the area, we project the future owner could generate approx. $258,000 in gross annual income. The front duplex will feature approx. 1,700 SF units and a fenced front yard. The larger ADU, approx. 1,180 SF, will feature a great open-concept layout and a 200 SF private garden. The 2-bdrm. garage ADU conversion, approx. 800 SF, will feature a private garden and can only be converted after the certificate of occupancy. Located 2 blocks east of Fairfax Ave and 2 blocks south of Pico Blvd, existing improvements include a vacant three-bdrm. and two-bath single-family residence on an approx. 6,885 SF lot zoned LAR2.
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Listing Agent: Max Berger 02054048 Courtesy of: Compass "All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Updated: 1st February, 2023 3:52 PM (UTC)
