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2951 Francis Avenue
USD 2,650,000
Property ID: 24376665
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2951 Francis Avenue ,90005
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icon 6753 SqFt
icon Built in 1921
icon USD 392/SqFt
icon 12 Beds
icon 8 Full
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Location Street View
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Interior Details
Bedrooms
12
Bathrooms
8
Interior Size
5502
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1921
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Detailed Introduction Of This Home
REAL BROKER LLC is Proud to present A CASH COW OPPORTUNITY SALE OF 4 TURN-KEY PROPERTY WITH RTI READY TO GO ADU PLANS FOR 2 BED 2 BATH PLUS 1 BED 1 BATH REAR DETACHED BUILDING ADUs. SELLER HAS 2 ESTIMATE COST OF CONSTRUCTION AT $160 PER SQ FEET. FRONT FOUR-UNITS ARE FULLY RENOVATED/TURN KEY APARTMENT COMMUNITY LOCATED 2951 Francis Avenue. SPRAWLING RESTRANTS NEARBY AND SUPERMARKET, FLOWER SHOP, BUS STOPS, FEW BLOCKS FROM STARBUCKS AND METRO STATION. The subject property is located just south of 8th Street within the desirable Koreatown sub-market. Situated on a 6,751 square foot parcel, the property is comprised entirely of three-bedroom units. New ownership has the ability to add two accessory dwelling units (ADU's) TOTALLING 1,650 SF., for a two-bedroom and one-bedroom unit. ADU Permits are "RTI" Status. Current Ownership has extensively renovated all units with stainless-steel kitchen appliances, new flooring, in unit washer/dryers, AC systems in each bedroom & more. ALL ROOMS ARE LARGE SIZES. The continued gentrification of the surrounding area along with the rare opportunity to acquire a fully rehabbed, luxury apartment community with a healthy income stream makes 2951 Francis Avenue an excellent acquisition opportunity FOR THOSE WHO ARE LOOKING TO DO 1031 EXCHANGE OR A NEW PURCHASE TO MAKE YOUR $$$ GO FARTHER, CREATING GENERATIONAL WEALTH.
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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Photos (31)
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2951 Francis Avenue
USD 2,650,000 12 Beds
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