Residential Income Details
Location ! Location! Location! Investor's dream location in the Hancock Park- Heart of Korea town. It's like a blank canvas for renovation-minded investors or condo developers.Remodel or Redevelop to attract to wanna be movers into this hip vibe neighborhood for its convenience,cultural diversity.Transportation, School, Market,Restaurants,Cafes ...all in walking distance. Grab the chance to join numerous construction projects in this rocketing highly in- demand area. Asking Price $500,000+ less than County Assessed Value(as of June 2017, assessed over $2.77 Mil.) for quick and hassle-free transaction. Only $254/SqFt. (Area comps $493/SF) Absolute AS-IS, WHERE-IS sale. Average unit size is larger than 1,000 SF. R3 zone -Tier 3 allows maximum 17 units development potential. Long term tenants pay below market rent. Property shall be delivered with all tenants. Interior inspections only for accepted offers. Please do NOT disturb or approach occupants.
|Number of Units||8|
|Listing Brokerage||Prime Properties|
|Listing Agent||Joyce Lee|
|Listing Agent BRE #||01055795|
|Appliances||Garbage Disposal,Gas Water Heater|
Based on information from California Regional Multiple Listing Service, Inc. as of Wednesday, September 19, 2018.
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.
Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS.
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The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.