Leimert Park Adj. RTI Land
SB-8 exempt corner lot with house ALREADY DEMOLISHED 8 minutes from USC & Exposition Park. Delivered with plans for four units (duplex + two 4 bed ADU's). Plans feature two 5 bedroom units and two 4 bedroom units. Save close to $500k off retail value if you build this! If you buy and hold, we project a cap rate of 7% or more.
List Price:
Lot Size:
Zoning:
Price/Lot SF:
Existing Bldg:
SB-8:
RTI Plans:
Highlights:
$1,050,000
6,942 sqft
LAR2
$151.25
Already Demolished SFR
Exempt
1x 5b/4.5b
1x 5b/4b
2x 4b/4b
No rent control on future project
SB-8 exempt
Buy and hold for 7% cap rate
Delivered with RTI plans
House already demolished
Corner lot
Very affordable to build project
No relocations needed
Projected exit price of $2.7m
Estimated rent of $16,400/month
4 parking in rear + 1 in middle
Click to View Photos
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The Neighborhood
< 5-Minute Drive
Master Burger, Sonsonate Grill, Leimert Park Plaza, Mel's Cafe, 5starkitchenLA, Art + Practice Exhibition Space, Harun Coffee, Leimert Park Night Market
< 10-Minute Drive
The University of Southern California, Exposition Park, University Park, BMO Stadium, CA Science Center, Cinemark Baldwin Hills, The Kickin' Crab, Baldwin Hills Crenshaw Plaza
< $15 Uber Ride
Crypto.com Arena, Los Angeles Convention Center, Microsoft Theater, JW Marriott Los Angeles L.A. LIVE, Arts District DTLA, Chinatown, Dodgers Stadium, Koreatown, The Wiltern
Submit your offers now!
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Outstanding projected exit price of $2,700,000!
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If you build and hold, we project a 6.96%+ cap rate upon completion, if not higher!
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No rent control on the future project!
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Delivered RTI!!! Get ready to build ASAP!
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SB-8 EXEMPT!
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Conservative future projected monthly rent of $16,400.
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Already demolished- saving money on demo costs!
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Well designed plans that will be cost-effective to build.
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No relocations needed!
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Non-tenant occupied!
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Large (6,942 SF) flat lot, ideal for a new construction project!
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Ideal lot dimensions of 55’ x 126’
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Located minutes from Leimert Park, 2016’s “Neighborhood of the Year” on Curbed LA.