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5318 S Hoover Street

Los Angeles (City), CA 90037
  • $6,295,000
  • STATUS: Active
  • ON SITE: 21 Days
  • ID#: 22180559
UPDATED: 42 min ago
$6,295,000
  • 0
    BEDS
  • 0.33
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing Agent(s): Ardy Ishal 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: $12,200,000 (see financial overview in OM)...can be sold together with 4345 Woodlawn Ave. (RTI to build 33 units) or can be sold separately

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-10T13:32:58.84. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Keller Williams. Licensed in the State of California, USA.
www.robynicenhowerproperties.com/homes/131051624
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5318 S Hoover Street Los Angeles (City), CA 90037

  • Price: $6,295,000
  • Status: Active
  • On Site: 21 Days
  • Updated: 42 min ago
  • ID#: 22180559
0
Beds
0
Baths
0
½ Baths
0.33
Acres
Neighborhood:
C42 - Downtown L.A.
County:
Los Angeles
Area:
C42 - Downtown L.A.
Property 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: $12,200,000 (see financial overview in OM)...can be sold together with 4345 Woodlawn Ave. (RTI to build 33 units) or can be sold separately
Exterior Features

Parking Total 0 View YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Listing Agreement Exclusive Right To Sell Listing Service Full Service Senior Community YN No Special Listing Conditions Standard Zoning Lac2



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-10T13:32:58.84. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Keller Williams. Licensed in the State of California, USA.
 
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Robyn Graham & Associates | Keller Williams
400 E. Main St. #110
Visalia CA, 93291
Listing Agent(s): Ardy Ishal of Brc Advisors- Bh ()