Description
This mid-city RTI development opportunity, located just south of Carthay Square, comes with approved plans for a duplex and an ADU with a garage (that is to be converted to an ADU after the certificate of occupancy). Based on market rents for renovated units in the area, we project the future owner could generate approx. $258,000 in gross annual income. The front duplex will feature approx. 1,700 SF units and a fenced front yard. The larger ADU, approx. 1,180 SF, will feature a great open-concept layout and a 200 SF private garden. The 2-bdrm. garage ADU conversion, approx. 800 SF, will feature a private garden and can only be converted after the certificate of occupancy. Located 2 blocks east of Fairfax Ave and 2 blocks south of Pico Blvd, existing improvements include a vacant three-bdrm. and two-bath single-family residence on an approx. 6,885 SF lot zoned LAR2.
-
3BEDS
-
0.16ACRES
-
2BATHS
-
01/2 BATHS
-
1,510SQFT
-
$960$/SQFT
School Ratings & Info
Description
This mid-city RTI development opportunity, located just south of Carthay Square, comes with approved plans for a duplex and an ADU with a garage (that is to be converted to an ADU after the certificate of occupancy). Based on market rents for renovated units in the area, we project the future owner could generate approx. $258,000 in gross annual income. The front duplex will feature approx. 1,700 SF units and a fenced front yard. The larger ADU, approx. 1,180 SF, will feature a great open-concept layout and a 200 SF private garden. The 2-bdrm. garage ADU conversion, approx. 800 SF, will feature a private garden and can only be converted after the certificate of occupancy. Located 2 blocks east of Fairfax Ave and 2 blocks south of Pico Blvd, existing improvements include a vacant three-bdrm. and two-bath single-family residence on an approx. 6,885 SF lot zoned LAR2.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-02-04T00:29:57.567. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.