1114 menlo Avenue

1114 menlo Avenue, Los Angeles, CA 90006

OPPORTUNITY ZONE, OPPORTUNITY ZONE, IS ALL YOU NEED TO KNOW!!!! THESE two 8 unit building side by side consist of 16 units on a 100x200 20,000 square foot parcel ZONING IS R4-VL TIER 3, WHICH ACCORDING TO THE CITY OF LOS ANGELES, UP TO 87 UNITS COULD BE BUILT HERE! BEING IN THE OPPORTUNITY ZONE if you can fit them the city says you can build them! Lots of new construction in this area, BUT this location extras Extra wide street 88 feet, help take away some of those construction headaches, existing 20,000 of land raised about 5 feet above street level, street to alley again those construction headaches> REALTORS, DEVELOPERS, CONTRACTORS TAKE NOTICE THIS IS A REAL OPPORTUNITY Property in family a long time, have outlived it's usefulness Sellers are selling "AS IS" AS a development site. You collect rents as you are doing your plans,financing etc.etc.

Features & Amenities

Interior

Laundry Room None

Exterior

Garage Space 6
Water Source Public
POOL None
Lot Features 6-10 Units/Acre, Front Yard, Gentle Sloping, Near Public Transit, Rectangular Lot, Value In Land
Sewer Public Sewer
HOA Amenities Street Lights

Area & Lot

Status Sold
LIVING SPACE 12,400 Sq.Ft.
LOT SIZE 0.459 Acres
MLS® ID SB21231471
Type Multi-Family
Year Built 1939

Financial

SALES PRICE $4,450,000

Work With Guillermo

Your home is your sanctuary. Letting go of that sanctuary can be a traumatic process. Finding a new haven can be just as daunting. Guillermo understands and his goal is to find your perfect new home that will not only suit your budget, but also give you immediate peace and protection the moment you walk through the door.

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