The current improvement on the site is a 947 square foot two bedroom, one bathroom home originallyconstructed in 1947. The current zoning of CR-1VL-CDO-RIO will potentially allow for the development ofmultifamily residential construction. According the the city of Los Angeles' zoning density, CR is considered thesame as R4 for residential uses. On a by-right basis, this would allow for a maximum of 13 units without theinclusion of a possible density bonus of up to 35% in additional density. For the purposes of this analysis andgiven the lot size, we are estimating a maximum of 12 units.In particular, Matthews Multifamily Advisors and Seller havenot made any investigation of the actual property, the abilityto develop the property in any specific manner, the approvalstatus of any and all permits, the accuracy, completeness andsuitability of any and all plans and drawings, the tenants, theoperating history, financial reports, leases, square-footage,age or any oth
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