823 S Grand View St, Los Angeles, CA 90057

2 properties being sold together. Total lot size is 15,000 and total combined building size is over 8421 sq ft.. Due to the R4 zoning and up and coming neighborhood location, this is a prime development opportunity in an extremely high demand multi-family/condo rental market. Over 90% of residents are renters in the area. Two adjacent properties, each lot is 7500 sq ft for a combined 15,000 sq ft lot allowing developer/builder to build up to 49 units with the density bonus. Currently 11 existing units with some remodeling, new roof on one building and lots of other structural and cosmetic work recently done. Collect rent in this very high demand rental market. Check out the pro forma. This up and coming Westlake area is cushioned between Downtown LA and Korea Town. Close to MacArthur Park. The one property consists of a duplex and a 5 unit apartment and the other is a quad. Three of the units are vacant and two of the three are brand new built from the studs up. New roof on the 5 unit and full copper plumbing.