Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

5

Building size

3,999 sqft

Lot size

5,889 sqft

Year built

1964

Stories

0

Style

See Remarks

Cooling

None

Status

Active

Days on market

117

MLS #

243046907

About this property

Attention Investors & Developers! We present two adjacent income properties totaling 11 units on a combined 11,787 SF R4-zoned lot near Olympic Blvd and Vermont Ave, just minutes from Downtown Los Angeles. This is a rare opportunity to acquire a high-density development site with solid in-place income and excellent future potential. 964 features one spacious 3bd+2ba unit and four 2bd+1ba units and 6 covered side-by-side parking spaces in the rear. 968 offers five 2bd+1ba units, and one 1bd+1ba unit, and 6 covered side-by-side parking spaces in the rear and 3 tandem parking spaces in the driveway. With strong rental demand in the area and favorable zoning for redevelopment, this is an ideal opportunity for investors or developers seeking long-term value in one of LA's most dynamic neighborhoods. Both properties have to be sold concurrently.

Location

964 S New Hampshire Avenue

Los Angeles, Los Angeles, CA, 90006