$1,499,000

128 S Madison Ave , Los Angeles, CA 90004

 
Bedrooms:16 beds
Bathrooms:16 baths
Residential:12,600 sqft
Lot:0.14
Year Built:1948
Listing Status:Active

Listing Agent

Arash Pashaei
http://beverlyhills.yourkwoffice.com/home
Loan Amount:
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These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.

Description

Amazing Development Opportunity in Prime Mid-Wilshire area Adjacent to Silver Lake. This exceptional investment opportunity comes with submitted plans for a 13-unit apartment building allowing a savvy investor or developer to save money and time on acquiring the RTI plans. The architectural plans feature 10 spacious 1-bed/1-bath units, 3 premium 2-bed/2-bath units, and 2 recreation rooms, with a total Gross Building Area of 12,600 sqft and Gross Living Area of 7,700 sqft. Additionally, the project qualifies for both the ED1 and CHIP offering significant time and cost-saving development benefits. All the architectural and engineering fees have been paid. The house is currently furnished and rented on month to month basis colleting approximately $4000/month. It can be delivered both vacant or with tenant, allowing an investor to collect rent while working toward RTI. Located just moments from Metro stations, vibrant nightlife, dining, and cultural landmarks, this property sits in one of L.A.'s strongest rental markets.

Detailed Items

Other Information

128 S Madison Ave, Los Angeles, CA, 90004 is a residential listing of 12,600 sqft on a lot of 0.14. This residential listing has 16 bedrooms, and 16 baths. The map for this location can be viewed on Google maps at Google maps to property128 S Madison Ave, Los Angeles, CA
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