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Four Single-Story Units on a Large 9,299-SF Lot | Residential Asset - Perfect Owner-User Opportunity | Located in the Rapidly Gentrifying & Revitalized Neighborhood of Los Angeles | 5.56% Current Cap Rate & 11.34 Current GRM | 8.34% Pro-Forma Cap Rate & 8.55 Pro-Forma GRM | Unit Mix of (Two) 4-Bedroom/2-Bathroom Units and (Two) 1-Bedroom/1-Bathroom Units | Rare LAR3 TOC Tier 3 Zoning - Build Up to 20 Units* | TOC Tier 3 High Density Bonus Allowance with No Subterranean Parking Required & Only 0.5 Parking Spaces Per Unit | Tremendous Value-Add Opportunity - Approximately 33% in Rental Upside | Located 3 Miles from SoFi Stadium, Youtube Theatre, The Forum & Intuit Dome (NBA Clippers Arena) | Qualifies for Residential Financing
Property Type(s):
Residential Income
| Last Updated | 5/13/2025 | Year Built | 1923 |
|---|---|---|---|
| Community | Metropolitan Southwest | County | Los Angeles |
Additional Details
| AREA | Metropolitan Southwest |
|---|---|
| LOT | 9299 sq ft |
| LOT DIMENSIONS | 50x186 |
| PARKING | On Street |
| STORIES | 1 |
| ZONING | LAR3 |
Location
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Listed with Shield CRE, Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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