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5025 Klump Avenue
USD 2,995,000
Property ID: SR23149373
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5025 Klump Avenue ,91601
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icon 11248 SqFt
icon Built in 1929
icon USD 266/SqFt
icon 0 Bed
icon 0 Full
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Location Street View
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Interior Details
Bedrooms
0
Bathrooms
0
Interior Size
4731
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1929
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Detailed Introduction Of This Home
Attention Investors & Developers!!! Here is the opportunity to purchase a 11,249 Sq Ft LAR-4 TOC Tier3 lot in the heart of NoHo Arts District, walking distance to the metro station, restaurants, bars and some of the best entertainment NoHo has to offer! This property will be delivered with approved/entitled plans to build 60 Affordable Housing Units built at grade with an easy type 5 construction. Buy it today at $2,995,000 entitled or RTI in 1.5-2yrs at $5M. Priced aggressively at under $50K/unit, this project is a bargain in today's LA market. One tenant is month to month. For those that are looking for smaller projects, you can explore the option to add 4 townhouse units in the back and re-build the 2 units in the front having in total a 10 units apartment/townhouse plus 2 ADU's style building with excellent projected rental income. Alternatively, you can build a brand new 50 units apartment building with underground parking using TOC Tier 3 incentives. Buyer to check with the city of LA and verify all info.
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
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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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5025 Klump Avenue
USD 2,995,000 0 Beds
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