Entitled, buildable land in the heart of LA? Its true! Flat, vacant, and ready to build up to 1,600 square feet (either a house or a duplex). Imagine, building your brand-new dream home for less than the cost of an old fixer. Or build a duplex and live in one unit and rent out the other. Land was subdivided from existing property using the CA HOME act, granting it special privileges to enable development: no hearings required, no costly parking required, and ministerial (fast) approval. Drop in a prefab or build custom from the ground up - the choices are endless. For rental comps, you can build two 800 sqft 2 bed/1bath units, each of which can rent for ~$3,000/month ($6,000/month gross). Walkable to 55-acre Edward Vincent Jr. Park, and under 2mi from SoFi Stadium. Inglewoods booming with billions invested - nows your chance to invest in this hot area.
Listing provided courtesy of Sebastian Stofenmacher of Edgestone Real Estate, Inc.. Last updated 2024-05-17 09:18:15.000000. Listing information © 2024 SANDICOR.