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Condominium buy in Dayton Avenue California
Huge development opportunity to purchase this 1,072 SF Duplex sitting on a 7,500 SF LACW Lot with plans (Delivered RTI) to build a 29-Unit Building atop a hill overseeing the DTLA skyline in Angelino Heights/Echo Park. The project calls for a 7-story building; 6 of which are residential, 1 for parking (1st floor), 1 basement level for additional parking, and a sprawling rooftop deck common area. Income will include rents from (16) 1 Bed/1 Bath units, (6) 2 Bed/1 Bath units, (7) 2 Bed/2 Baths units and a P.O Box Storage area that will generate substantial extra monthly income. The project is TOC Tier 1 approved. Plans delivered per request. Seller is taking care also of paying for survey and geotechnical investigation. The current duplex will be delivered vacant at close of escrow.
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