Listed by Drew Dunn, Four Brothers Real Estate,

8418 S Main Street

Los Angeles, CA, 90003

$789,000

$121 per ft²
$789,000
$121 per ft²
Active
Active
 - For Sale
carpenters-square
6,514 ft²
property_type
Multi-family
calendar
Built 2023
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.
MLS® ID:
OC22112778
Listed:
5/25/22
Updated:
8/18/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
See Remarks
Fireplace
None
Cooling
Central Air
Heating
Central

Exterior/Building Features

Lot Size
5,420 ft² lot
Lot Details
0-1 Unit/Acre
Sewer
Public Sewer

Other Property Details

Area Name
C34 - Los Angeles Southwest
HOA Amenities
Sidewalks
Garage
Yes
Garage Spaces
2
Parking
Y
Parking Total
8.0
View
Y
County
Los Angeles
Utilities
Electricity Available, Natural Gas Available, Phone Available, Sewer Available
Water Source
Public
Pool
No
Pool Description
None
Total Stories
3
Zoning
LAC2

Property History

Date
Event
Price
Value
6/13/22
Price Change
$789,000
-4%

 

Listed by Drew Dunn, Four Brothers Real Estate,

Based on information from California Regional Multiple Listing Service, Inc. as of 8/18/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated 4:08 PM UTC, 8/18/22

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