$869,000

Maximize your real estate portfolio with this rare Los Angeles investment opportunity. This property features fully occupied, market-rate units and verified city approval to build new structures completely exempt from rent control. Currently 4.26 CAP Rate. Enjoy immediate, stable cash flow with a clear, paved path to build your next premium income stream. The existing gated property features a charming two-story building consisting of two updated units, (1) 2 bedroom and (1) 3 bedroom, 1 bathroom units. This gated complex sits on a tree lined street and has a welcoming front lawn, ample driveway parking and lot backs into an alleyway. The approved plans allow for the construction of a 2 story brand-new development. The new project will feature (4) 1 bdr, 1 bath units and (2) 2 bdr, 2 bath ADUs, each thoughtfully designed to meet the needs of modern urban living. The new building will encompass approximately 3,700 square feet on a 7006 SF square foot lot. One unit can be delivered vacant or the two front units will generate income while you build out the new units. . This property is situated just minutes from USC, LATCC, University of West LA and CAL State LA. Not to mention it is minutes from LA Memorial Coliseum, BMO Stadium , SoFi Stadium, Kia Forum, Intuit Dome, Crypto.com Arena, Dodger Stadium, and more! The property location benefits from a strong demand for rental housing offering significant long-term growth potential. This is a great opportunity for anyone looking to invest in income property in Los Angeles!