Detailed Introduction Of This Home
Conveniently located minutes to Sofi, LAX, Silicon Beach, West LA, and the South Bay, this 6-unit building is generating $146,599 in gross income w/ 24% upside in rents. In addition to 3 units having been recently remodeled, the list of building upgrades includes dual pane windows, copper plumbing, a new roof, foundation work, exterior painting and landscaping. The sale includes approved, RTI plans to convert either or both garages to 605 sq ft 2bd/1ba ADUs, which will generate an additional $2,700-$2,900/mo., in income, each. There is also a Tier 3 TOC Density Bonus for future development potential of the 7,008 sq ft R3 lot. This property is a great opportunity and long-term play, for a buyer looking to be in a stable rental area with proximity and access to some of the best attractions of the Westside and South Bay, offering a short-term path to increasing your gross income by 22-45%! Seller to do a 1031 exchange at no cost to buyer.