The answer to your "fully occupied" question likely depends largely on the Owner-Occupier vs Investor market in that particular neighborhood (eg. desirability of school district).

However, in the appraisal district the zoning section says multifamily district 2 - with a city code MFR-Duplexes. 

Now, I’m from the Bay Area prices are different depending on the zip code (for school district and so on).

Hopefully Boyle Heights becomes a Silverlake rather than an Arts District.

@Paul Stewart Yes, rental would be a good way to go in our area seems school district is good, convenient to jobs, and shopping.

Good Area, good school district.

I am very comfortable getting a 10-12% return on my money for a property in the Lindbergh school district; however, a property at Bates and Virginia is going to take a 20+% return before I even take a look at it. 

- central location - Sunny days- No natural disasters or man-made for that matter- great public transportation - revitalization of Downtown and a burgeoning Arts District- terrific Airport- excellent health care options- moreIts a sellers market everywhere.

@Carlos Casanueva I will be on the Faculty at the RE Guys Event in Dallas so we can talk then in person.

The school district is awesome (10/10 on Greatschools.org).Any insights, advice or reassurance appreciated.