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Development & Investment Opportunity: Fully RTI for 16 Units, Approved for Section 8Presenting a prime investment and development opportunity with Fully RTI (Ready to Build Immediately) plans for 16 units, consisting of 13 one-bedroom units and 3 two-bedroom units. The property is approved for Section 8, offering significant future rental income potential upon completion.Key Features:RTI for 16 Units: The property is approved and ready for immediate construction, with plans for 13 one-bedroom units and 3 two-bedroom units, creating a strong future rental income stream.Current Income: The existing 6-bed, 3-bath duplex currently generates $5,460 per month in rental income from non-Section 8 tenants, providing reliable cash flow as you move forward with your development plans.Additional Room: An additional room in the duplex is available for rent, further increasing the property's rental income potential.Ellis Act Eligible: The property is eligible for the Ellis Act, offering flexibility for future redevelopment or adjustments to tenant occupancy.This is a rare opportunity for investors to take advantage of a fully RTI property, currently generating rental income with non-Section 8 tenants while offering strong future potential through Section 8 approval. With immediate cash flow and long-term growth possibilities, this property is a solid addition to any portfolio.Please inquire about current expenses on the duplex
Property Type(s):
Residential Income
| Last Updated | 3/5/2025 | Year Built | 1912 |
|---|---|---|---|
| Community | Metropolitan Southwest | County | Los Angeles |
Additional Details
| AREA | Metropolitan Southwest |
|---|---|
| HOA DUES | 0 |
| LOT | 6848 sq ft |
| LOT DESCRIPTION | 2-5 Units/Acre |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| WATER | Other |
| ZONING | LAR3 |
Location
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Listed with Keller Williams Luxury
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