It's all going to work according to local Zoning & it's a beautiful property: 66'x124', mature neighbourhood, lots of large trees.

When/if you PCS buy a single family home with 3bd 2ba in a good school zone, house hack with some military folk (good tenants because we have to pay) and get the snowball rolling.I hope that helps out a bit.

Or an opportunity zone investment.

But we can’t achieve density because nearly 80 percent of Los Angeles’ buildable area, nearly half a million parcels, is zoned for only single-family houses.

There is definitely enough space to build something larger (multifamily), but it probably isn't zone for that.

Why RED wire is not connected? 

It is currently zoned MHC-5, (5 per acre) original owner had a bigger piece of land (35 years ago) and sold individual lots (45) and left 7.5 acres undeveloped. 

@Tim Dwight If the property is zoned MU, than yes you can convert into all apartments without seeking a variance.

You should be able to show equity and debt options to even go under contract.However, if you get something under contract, but don't close, your reputation is tarnished and people will not want to do business with you.I pay wholesalers, they either want 4% or 20% if double close and paid for Phase I, ALTA survey, site plan, zoning analysis, lease abstracts, etc.

As someone who has been at this for more than 25 years now and having lived in 6 states (equally mixed between Red and Blue) and having invested in California (Bay Area, principally), Florida, Las Vegas, upstate New York, Ohio and Illinois I can tell you that what helped me achieve financial independence like no other were my California real estate investments.