$1,998,000

THIS PROPERTY SALE INCLUDED 2 APNS: 5154-024-001 & 5154-024-002. Prime Development opportunity with a double lot totaling 12,200 SF of land and 6,900 SF across two buildings, totaling 9 current units. Can develop approximately 50 residential units. see attached. Perfect Investment Opportunity for First Time Investors, 1031 Exchange or Ideal Addition to Existing Investment Portfolio. Prime Development Opportunity- Double Lot Totaling 12,002 SF across Two Buildings, 6,900 SF Interior Space, 9 Rental Units, Remodeled & Maintained(3)Exceptionally Rare Development Up-to 50 Residential Unit, Including Micro-Units. Attractive & Strong Current Passive Income = $14,134/mon. Presently, All Tenants are Current on Rents !! There is a 2 unit Vacancy, so there is immediate potential for more rent/income!! Located in Highly/Densely populated Westlake Community; Strong Rental Demand, Mins to Dwntwn Los Angeles, Hollywood, Silver Lake, Korea Town, Beverly Hills & Major LA & World Attractions. High Cap Rate nearly 6.61% (Actual) / 9.54% (Pro-Forma). Great Rental Income Upside / Sellers Highly Motivated. ALL DEVELOPMENT INFORMATION PROVIDED SHOULD NOT BE RELIED ON AND BUYER TO CONDUCT THEIR OWN DUE DILIGENCE.