Shovel ready. Build in Mid Wilshire/Koreatown Los Angeles

[Virginia Harris]

 Develop a 10-unit apartment building, as the property comes with plans and permits ready to go in the heart of Mid Wilshire.

High walk score, with access to the Hollywood Red Line and local restaurants and shopping! Situated next to a newly built elementary school!

Existing 4 units are vacant

The proposed expansion project consists of 10 units broken down into eight 2 bed/2 bath units at approximately 1450 to 1500 sqft each, and two townhouse style units with 2 bed/2 bath and approximately 2,000 sqft each. The building will be 4 stories and will be a total of approximately 15,000 soft. Included in the plan is subterranean parking totaling approx. 18 spots, with handicap parking and electric car hookups. Every detail has been carefully thought out to make a spectacular profit!

ZONING - R4

1. Complete the proposed plans to create the new 10-unit building for rental income! Projected ARV 4.5-6 million (please do your own due diligence for verification)

2. Convert current structure into condos for individual sale (this portion of the proposal is allowed for the R4 zoning only, and the current buillding plans might not apply for this option). Please do your own due diligence on this option.

Purchase Price: $1.23M Plus $30K assignment fee

LOI AND Proof of Funds to move forward.

Subject to inspection -- drive-by only.

Please call Virginia Harris at 310-974-2280 or send e-mails to [email protected] with questions or for more information.