Residential Income Details
Development Opportunity in Franklin Village! Currently a duplex consisting of two separate single family homes: The first home is a large 2,460 square foot two-story three-bedroom / two-bathroom with an office and formal dining room. The rear home is a 528 square foot single-story one-bedroom / one-bathroom. The property also has ample on-site parking and a garage, with a huge front yard and space for a private backyard for the back house. Both units to be delivered vacant at close of escrow. Front house is owner-occupied while the back house is currently rented via Airbnb. The lot size is 7,673 square feet, which is significantly larger than most of the parcels in the neighborhood. The zoning is LARD1.5XL which may allow redevelopment of up to 5) 1,500 square foot units with 30' max height. Buyer is responsible for confirming all applicable zoning regulations, requirements & allowances. Plans / entitlements not included. Excellent opportunity with huge potential upside.
|Number of Units||2|
|Listing Brokerage||Keller Williams Silicon Beach|
|Listing Agent||David Bramante|
|Listing Agent BRE #||01511588|
|Co-Listing Agent||Dominic Labriola|
|Co-Listing Agent BRE #||01905889|
Based on information from California Regional Multiple Listing Service, Inc. as of Tuesday, August 28, 2018.
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