Property Showcase

5318 S Hoover StLos Angeles, CA 90037

$5,195,000
Vacant Land
Status: Active
  • Sqft:
  • Lot:14,474 sq ft
  • MLS#: 22-180559
33.993656158447266-118.28706359863281
Courtesy Of BRC Advisors- BH

Description:

RTI Affordable Housing Development to build 57 units...Unique opportunity to acquire shovel-ready vacant land...Ready-to-issue permits (RTI) - Can start construction immediately - No tenants to relocate / no demolition expenses...permitted with ZERO parking spaces allowing for a tremendous construction-cost savings and speedy construction timeline...engineered for efficiency and designed to be built economically...Projected Profit: $13,300,000 (see financial overview in OM)...can be sold together with 4345 Woodlawn Ave. (RTI to build 33 units) or can be sold separately

Main Features:

Listing Status Active County Los Angeles
Rental Price $0 Zoning LAC2

Additional Features:

Board The Combined Los Angeles/Westside MLS
Cable Y
Disclosures Affordable Housing Qualified
Horseyn 0
Probate Sale Fo
Special Conditions Standard
Special Zone(s) Other
Telephone Y
View Other
Y

Extra Features:

Listing Agent License Number 01769601 Lot Size Area 14474

Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is copyrighted in 2022 by the Combined L.A./Westside Multiple Listing Service, Inc. L.A., CA. Any dissemination of this information in violation of copyright laws is strictly prohibited. TheMLS
Information deemed reliable but not guaranteed.
Copyright© 2022 Combined L.A./Westside Multiple Listing Service, Inc. L.A., CA. All Rights Reserved.
Last Updated On: 12/7/2022 1:21:42 AM

5318 S Hoover St, Los Angeles, CA 90037

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Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is copyrighted in 2022 by the Combined L.A./Westside Multiple Listing Service, Inc. L.A., CA. Any dissemination of this information in violation of copyright laws is strictly prohibited. TheMLS
Information deemed reliable but not guaranteed.
Copyright© 2022 Combined L.A./Westside Multiple Listing Service, Inc. L.A., CA. All Rights Reserved.
Last Updated On: 12/7/2022 1:21:42 AM

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