Condominium buy in Parklabrea California

PERFECT DEVELOPMENT SITE WITH POTENTIAL INCOME AT A 4.8% CAP RATE!! 4 Units on R4 T4 7,500 SF LAND! REMARKABLE DEVELOPMENT SITE, WITH INCOME UNTIL YOU BREAK GROUND!! HIGH DEMAND AREA OF HOLLYWOOD!! BUILD WITHOUT PARKING!! AND GREAT INCOME DURING THE CONSTRUCTION PROCESS WITH THE CITY!!! AMAZING DEVELOPER'S DREAM ZONING: R4 T4, NEED WE SAY MORE? New Construction WITHOUR PARKING REQUIRED = More Units to Build! Remarkable 4 Huge Units Investment Opportunity (all Month to Month)! Prime Hollywood Location! HIGH PRIME DEVELOPMENT OR A GREAT 4 UNIT INVESTMENT (Boasting 1,333++ Sq.Ft.Each Unit totaling 5,334 Sq. Ft.! BUY NOW, ENJOY THE INCOME, DEVELOP WHEN YOU ARE READY TO DO SO, BUT PLEASE DO NOT DISTURB THE OCCUPANTS. LAND VALUE ALONE makes this an Amazing Investment Choice! Separately metered for Electric & Gas plus a Huge Parking Court with Garages. Prime Re-Development Area with Construction Planned at neighboring properties! City Reports indicate R4-1VL Zoning TIER 3 on 7.494 Square Feet of Land...Located close to an Eclectic Variety of Dining & Hot Spots, as well as Schools. Bargain Priced to Sell at just a tad over $300 Per Square Foot! Truly a Great Opportunity for a somewhat rare R4 Building Site! Call for details! Thank you! MLS® ID: 21702616 Listed: 3/7/21 Updated: 10/17/22 Interior Features Total Bedrooms: 8 Total Bathrooms: 4 Exterior/Building Features Lot Size: 7,494 ft2 lot Other Property Details Area Name: C20 - Hollywood Garage: No Parking: One Space Parking Total: 4.0 View: N County: Los Angeles Pool: No Zoning: LAR4 Property History Date Event Price Value 7/23/21 Price Change $2,340,000 0% Courtesy of Bruce Jay Associates, Bruce Jay, Listing Contact: Based on information from California Regional Multiple Listing Service, Inc. as of 10/17/22. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.