28 bedroom house for sale

Overview

Now being offered at a low $230k per door for all 2 Bed/1 Bath units with 14 on-site gated parking spaces

Back on market at revised price! Now being offered at a low $230k per door for all 2 Bed/1 Bath units with 14 on-site gated parking spaces. Located in the heart of Angelus Vista / Mid City with in-place RTI's and approved plans/permits by the City of LA to build (2) ADU's in the back tuck-under parking spaces. Adding the (1) 3+1 and (1) 1+1 ADU's would turn the property into 16 units ($200k per door), and 8 parking spaces will remain after construction completion. EQ retrofit work has already been completed! Seller has an assumable loan at a fixed 3.850% interest rate. Clean 1960's construction asset on a large 13k SF lot zoned LAR3 for future development. In-place and current 13 GRM without ADU's, with approximately 95% rental upside to a stabilized 6.70 GRM. Turn the property into a 10.5 current GRM once ADU's are completed and rented, and assuming all other rents remain the same. New roofs were put on both structures in 2017, copper plumbing, brand new master water heater and brand-new laundry room machines. For more details and to contact: https://realtyww.info/homes_los-angeles-d523223/for-sale_i69089231