1028 W 102ND ST Los Angeles, CA 90044

$599,000

Listed By Bryon Thompson, Bryon Thompson Broker

Bedrooms

Total Baths

Full Baths

11,939

Square Feet

0.27

Acres

1930

Year Built

Active

Status

MLS#

RS22102056

We are proud to present this lucrative development opportunity located at 1028 W 102nd Street St in the city of Los Angeles. This is a sizable lot totaling 11,939 square feet lot allowing you to build a total of 8-10 rentable units with a conservatively projected monthly income of $17,600/$211,200k per year respectively. The existing structure has already been permitted and demo'd...one less expense to consider. This project would feature a brand new 8-10 unit building allowing you to take advantage of the city's allowable density bonus. The subject property is ideally located in an area with a high demand for more rental units and has strong market fundamentals. The subject property is a short walk to Vermont Ave or Century Blvd providing future tenants easy access to public transportation. In addition, future tenants will enjoy close proximity of many restaurants, retail stores, sports stadiums, employers for many jobs, and is about 1.3 miles to the 110 freeway. This development opportunity offers a tremendous value with healthy upside potential. Please call today to learn all the details behind this incredible opportunity and see all the ways this project can make sense for your investment strategy. Photos are renderings of the plans and are not the actual subject property.

Details

Year Built
1930
Parking
8
Price / Sq Ft
$50
HOA
No Info
Cooling
No Info
Heating
No Info
On Website
53 Days
Acres
0.2741

Listing Office Bryon Thompson Broker

MLS# RS22102056

Updated 10:19AM - 7/6/2022

Listing Agent Bryon Thompson

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright© 2022 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright© 2022 California Regional Multiple Listing Service, Inc. All rights reserved.

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