Los Angeles Duplex For Sale: Developers and Investors, Take Note of This Golden Opportunity!
Attention developers and investors! A remarkable property has just hit the market in Los Angeles that is sure to pique your interest. Situated on a generous 7500 square foot lot within an Opportunity Zone, this R4 zoned property boasts a Tier 3 Transit Oriented Communities (TOC) Rating, opening up a plethora of possibilities for lucrative development. With the potential to build up to 18 units or more, this is a chance you simply cannot afford to miss!
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The centerpiece of this property is a charming two-story Victorian house, exuding timeless elegance and character. Additionally, a detached single unit is located at the rear (south) of the lot, providing added flexibility and options for potential development. The current setup includes one electric and gas meter, while a City report indicates the existence of two addresses. Furthermore, the county land use is classified as duplex, offering further potential for expansion.
The owner has taken great care to ensure that this property is primed for development. With recent upgrades including new electrical wiring, new plumbing, and a new foundation, the property is ready to be transformed into a lucrative investment opportunity. To sweeten the deal, the property will be delivered vacant, allowing you to start your development plans immediately.
The development potential of this property is truly enormous. With the ability to build up to 18 units or more, the possibilities are limited only by your imagination. Los Angeles’ booming real estate market coupled with the advantageous location within an Opportunity Zone make this an exceptionally promising investment opportunity.
Furthermore, the R4 zoning and Tier 3 TOC Rating offer additional incentives and benefits for developers. The R4 zoning allows for high-density residential development, maximizing the potential for profit. The TOC Rating, on the other hand, provides developers with various incentives, including increased height limits, reduced parking requirements, and potential density bonuses. These benefits can significantly enhance the profitability and feasibility of any development project undertaken on this property.
The location of this property further adds to its appeal. Los Angeles is a vibrant and dynamic city, attracting countless residents and tourists alike. The demand for housing in this metropolis is ever-growing, making it an ideal market for developers and investors. The property’s close proximity to various amenities, transportation options, and popular landmarks only serves to enhance its desirability.
In conclusion, the Los Angeles duplex for sale presents an incredible opportunity for developers and investors. With a spacious lot, advantageous zoning and TOC Rating, and the potential to build up to 18 units or more, this property is a developer’s dream. The recent upgrades and vacant delivery further solidify its appeal and potential for a profitable investment. Don’t miss out on this huge development potential – seize the opportunity and turn this property into a lucrative venture today!
5526 Lexington, Los Angeles, CA 90038