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

4

Building size

2,896 sqft

Lot size

7,987 sqft

Year built

1948

Stories

2

Heating

Wall Furnace

Cooling

Wall/Window Unit(s)

View

None

Status

Active

Days on market

80

MLS #

244724992

About this property

Rare development opportunity. Calling to all investors, builders & developers.There is a 4 existing units in the front of the property fully occupied, and RTI ready to pull permits and start construction of new detached 4 units. All 4 bedrooms & 3 bathrooms with central A/C and inside laundry unit.You can start building your new 4 units by meantime receiving the rent income from the front units. This unique Project is ideally located just minutes from the vibrant Wilshire corridor, L.A. Downtown, Hollywood Griffith park, Observatory.Outstanding rental district.

Location

225 S Hoover Street

Los Angeles, Los Angeles, CA, 90004