Exclusive 15-Unit RTI Development Opportunity in Los Angeles, CA

MORE® is proud to present an exceptional opportunity to acquire a 15-unit RTI development site in the heart of Los Angeles, CA. Perfectly positioned for owner-occupants, investors, and developers, this property is situated on a 12,051-square-foot lot in a prime Tier 2 location with R3-1 zoning, enabling increased residential density. The approved plans include a 15-unit apartment building featuring a thoughtful unit mix primarily of one-bedroom units, each with separate utility meters and modern amenities. The project can also offer potential for affordable housing incentives, enhancing its investment appeal. Upon full lease-up, the developer estimates the property will achieve a valuation in the $400,000 range per unit. The seller seeks cash offers only. Please submit an offer with POF. Shown upon accepted offer. Buyer is encouraged to independently verify the accuracy of any information through inspection(s), due diligence, and professionals. Broker and Agent do not guarantee the accuracy of any information concerning the size, condition, financials, or features of said property. Buyer to conduct their own due diligence and investigation of the property. Buyer and Buyer’s agent to verify all information regarding the property to their full and complete satisfaction.