Condo Conversion project in Los Angeles

[Soheil Naimi]

Potential condominium conversion project in a nice area of Los Angeles.

Purchase price $10,000,000

ARV $13,000,000

For those not familiar with the process, I can help with the work. The subject property is a class B 24 unit apartment building, and the plan would be to convert it into 22 condominiums. One bedroom units sell for about $500,000, two bedrooms at $600,000, and 3 bedroom around $750,000 in the area. 

Serious inquiries only.