927 S Ardmore Ave

Los Angeles CA 90006

40000 sq. ft.

13524 sq. ft.

Other

Currently for sale - view listing

Overview

Take a part of the ever growing Koreatown rental market! We are pleased to showcase this exceptional opportunity to become either an Investor or a Developer. Encompass of 2 lots totaling 13, 534 square feet of prime Koreatown land. For an Investor in search of an opportunity to expand their real estate portfolio, we offer the buyers the ability to immediately renovate, design, and lease the existing 8 units & Single Family Residence. The property is anticipated to be stabilized around a PROJECTED 4.3% Cap Rate with $285, 600 GRI post-renovation. Delivered 100% Vacant. For the Developers, the Property will be delivered with RTI Permits to acquire a 54-unit, seven-story development project with RTI(Ready to Issue) plans. The proposed development spans an impressive 40, 000 square feet and comprises 54 units, R4-1 Zoning, TOC Tier 3. Delivered 100 % Vacant.

Features

58 bathrooms

50 carspaces

40000 sq. ft. floor area

13524 sq. ft. lot size

Other

Property history for 927 S Ardmore Ave

2019

Sold

$1,800,000

28 Jun 2019

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