1415 Colby Ave, Los Angeles, CA 90025

This is one of the last undeveloped lots in the area. The owner has plans for a 7 unit project of either apartments or condos. With apartments, the cap rate would be close to 5 and with condos, the ROI is off the charts. Verify number of units with City as information has come directly from owner. Bring your investors, developers, builders or anyone else looking for a great return.