Unique opportunity to develop 12 units on a quiet street located in desirable Westdale in West LA. Includes 12 Parking Spaces and 14 Bicycle Spaces.
Near the Exposition line, and many major employers of Silicon Beach and the West Side, including Google, Amazon, Sony, Hulu, Facebook, Activision, and more.
The property is currently a single family home with 2 bd 2 ba, and has plans for 12 units. Average income is over $130,000 in this area, and market rents are very handsome making this a desirable build. Only 1 low income unit required!
Construction is Type V over Type I, with parking on grade. It is a very efficient and cost effective design with unique marketing features for future tenants.
Architectural plans and a letter of determination from the city are available upon request from qualified buyers. Will consider JV. Call or Email the listing agent for additional information.
|Unit Mix||Type||SF||Pro Forma||PF Yearly|
|3||1bd 1ba||636 SF||$3,340.00||$10,020.00|
|3||1bd 1ba||621 SF||$3,260.25||$9,780.75|
|2||1bd 1ba||641 SF||$3,525.50||$7,051.00|
|1||Low Income||607 SF||$2,055.00||$2,055.00|
|Amenities||Elevator, 11 Car Lift System + 1 Handicap Space, 14 Bike Spaces, Balconies, Private Outdoor Common Area with Barbeques|
|Totals||12 Units||6,959 SF||$37,096.75||$445,161.00|