House buy in East Los Angeles California

Fully entitled subdivision project! We're excited to offer a one of a kind zoning initiative & development opportunity (Compact Lot Ordinance) to purchase an existing 5,850 SF R-3 opportunity zoned lot and subdivide them into four separate residential lots allowing for a new kind of attainable, fee-simple home ownership opportunity in East L.A. Plans are to build 4 homes; one of which is a 2 Bed + Loft /2 Bath and three of which are 3 Bed + Loft/2 Baths. Current property is a 864 SF Single Family Home with the option to be delivered vacant. ​ Tentative Parcel Map for lot subdivisions was officially approved on June 15, 2022 while final permits are awaiting an estimated 3-6 months for approval. Take advantage of this investment in the rapidly sought-after pocket of East L.A where strong upside is offered and new developments are extremely desirable. See financials, plans, renderings project design and more info in the Offering Memorandum PDF attached.