About the Listing PB17878 - PSERNBEA

INVESTORS DELIGHT!!!!!!!!!!!!!!!!!!!!Great opportunity to own a rare flat level lot zoned C3 for commercial or residential use. Although sold for land value only, there us an existing vacant home on the property, but it is considered to be a tear-down. Seller has tentative verbal approval for a 6 units development allowed by right along with a 24-hour post office box business with a great income potential with very limited competition. Architect may be available to be hired to continue with the approval process for the proposed development, if desired. Repurpose the property as desired or use it as-is. with new codes, it should allow for both residential and commercial development with a potential for residential low-income bonus development and ADU's. Easy to build-out with all utilities place. Both street access and convenient alley access for more development choices and opportunities. This property has a lot of potentials Multi-family residential, Single-family dwelling, Commercial and Residential Condominium project. Property is located in Los Angeles within a small unincorporated pocket under the jurisdiction of the County of Los Angeles. Property SOLD in its present condition and "AS IS', with no warranties of any kind or representations made regarding the property whatsoever. Buyer to conduct their own independent investigations. Standard sale. Because it is being sold for land value only and its income stream, an interior view of the house will only be allowed upon an accepted offer and only of deemed necessary and requested by the buyer because the house is considered to be a tear-down. Due to being sold for land value, sign and its income stream only, drive-by the property at any time and feel free to view it along Vermont and/or the alley at the rear of the property, it could also be view aerial photos. INCREDIBLE DEAL. MAKE PART OF YOUR PORTFOLIO.

Listing Highlights