Description
Potential development opportunity to build up to 78 units, according to the City, based on the Density Bonus Program in Tier 4 of the Master Plan Overlay. The property is zoned R4-2D and located in the Opportunity Zone. Buyer to Verify. Alternatively, add up to six or seven large (1,250 s.f.?), townhouse style ADU's. Buyer to verify. Currently eight fully rented units (four 2/1's and four 1/1's); well located on the southeast corner of Clemson St. and La Cienega Blvd. Some current rents are well below market. Two blocks from the Metro Station offering easy commute access for tenants. Phase I Environmental Report is available for review. PLEASE DO NOT DISTURB OCCUPANTS. Drive by only.
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0BEDS
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0.39ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Potential development opportunity to build up to 78 units, according to the City, based on the Density Bonus Program in Tier 4 of the Master Plan Overlay. The property is zoned R4-2D and located in the Opportunity Zone. Buyer to Verify. Alternatively, add up to six or seven large (1,250 s.f.?), townhouse style ADU's. Buyer to verify. Currently eight fully rented units (four 2/1's and four 1/1's); well located on the southeast corner of Clemson St. and La Cienega Blvd. Some current rents are well below market. Two blocks from the Metro Station offering easy commute access for tenants. Phase I Environmental Report is available for review. PLEASE DO NOT DISTURB OCCUPANTS. Drive by only.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-04T00:25:53.033. 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 Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.