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816 Myrtle Avenue
USD 2,600,000
Property ID: SB24178799
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816 Myrtle Avenue ,90301
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icon 10212 SqFt
icon Built in 1956
icon USD 255/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
6162
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1956
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Detailed Introduction Of This Home
CALL FOR OFFERS THURSDAY 9/26/24 @ 5PM Massive 19,250 sqft lot zoned R3 with current in place cash flow. A new buyer can develop 18 units by right or 27 units with 50% density bonus allowed through the city. Perfect asset to land bank for future development while achieving great in place cash flow. Property can achieve 63% rental upside by easily adding 3 ADUs. Offered at $135/ft for land and just $236k a units. Incredible value here for any investor. 816 Myrtle is just two blocks away from So-Fi Stadium, The Forum & NEW Intuit Dome! 11 bungalow style units situated on a 19,250 sqft lot! The property is currently operating at a 5.53% cap rate and 11.90 GRM with 67% upside available once the ADUs are built. Each unit is separately metered for gas and electric. The subject property is located only minutes away from Sofi Stadium, YouTube Theater, Intuit Arena, LAX airport, and many more developments.
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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+87
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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 (14)
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816 Myrtle Avenue
USD 2,600,000 0 Beds
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