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.
Already Demolished SFR
No rent control on future project
Buy and hold for 7% cap rate
Delivered with RTI plans
House already demolished
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
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< 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!
Outstanding projected exit price of $2,700,000!
If you build and hold, we project a 6.96%+ cap rate upon completion, if not higher!
No rent control on the future project!
Delivered RTI!!! Get ready to build ASAP!
Conservative future projected monthly rent of $16,400.
Already demolished- saving money on demo costs!
Well designed plans that will be cost-effective to build.
No relocations needed!
Large (6,942 SF) flat lot, ideal for a new construction project!
Ideal lot dimensions of 55’ x 126’
Located minutes from Leimert Park, 2016’s “Neighborhood of the Year” on Curbed LA.