Description
This is an Amazing Investment, 6 Units, On the Corner, 3 Units are held Vacant so the Buyer can rent at Market Rate! The other 3 Units are rented month-to-month. Huge Frontage on Van Ness, a Prime Access Street! And a full Parking Lot as well! Must Drive By! Offering R3-T2 Zoning for future Development! Possibilities may include Adding Multiple ADUs, Or even (someday) maybe Building an Apartment Building (or re-selling to a Cash-Strong Developer that will do so). And IF Purchased with the Home + 2 Units Next Door, on Virginia, this may be a DEVELOPER'S DREAM DEAL, possibly Building 30 Units, or so, while collecting Income during the Planning Stage! Check out the neighboring property IN THE MLS, 5807 Virginia Ave. 90038. Family Area Near Schools & Shopping & Transportation! TWO PARCELS ON THE MARKET 5807 Virginia Ave. 90038, AND 1163 North Van Ness Ave. 90038. The Owner prefers to sell both properties (doesn't matter if different Buyers for each property) that can close Escrow at the same time. Together these properties are a Hard to Find COMBO Double-Lot Development Site in Hollywood! Together the Lot Footage is approximately 15,000 SF! Buy Now - Build Later! Please Email any additional questions or thoughts to the Agent, thank you!
Location
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