8418 S Main Street Los Angeles, CA 90003
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This RTI project is a new 4-unit building! This build is not subject to any rent control or affordable housing restrictions! Two duplexes on one lot - start building the day you close escrow. What a great opportunity to build in one of the quickest growing neighborhoods in all of Los Angeles. The subject property is a 43x126 lot (5,420 sq feet) with a 10-foot SIDE ALLEY zoned C2 that sits on the cross streets of 84th Place and Main St. The plans call for a 6,514 square foot build (approximately 6,100 livable). The four-unit is a mix of two 4-bedroom / 2.5 baths, one 4-bedroom / 4-bath with a large family room, one 3-bedroom / 3-bath, 6 open parking spots, and a tandem two-car garage. There are a total of 8 parking spots or 2 spots per unit. Increase your net operating income after the build by converting the garage into an ADU creating the 5th unit. An alternative approach would be taking advantage of the existing commercial zoning (C2). By-right, the site allows for 14 units and if you were to take advantage of the tier 1 TOC zoning you can build up to 21 units. Gas, water, power, and sewer hookups are all available. Main Street is the main artery into all the development going in downtown and a quick drive to the new Clippers and Rams Stadium. The site is 5 miles away from the new Clippers arena and just 4 miles from the Rams NFL stadium. 5 miles from the coveted university of Southern California, and 1 Billion dollar improvement, the Lucas Museum. Comparable 4-unit builds in this area are selling upwards of 2.4 million. Please check the supplements for a copy of the floor plans and complete site profile which provides more information on the site along with demographic data.
|3 weeks ago||Listing updated with changes from the MLS|
|2 months ago||Status changed to ACTIVE|
|2 months ago||Price changed to $789,000|
|3 months ago||Listing first seen online|
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