$5,195,000
For Sale

5318 S Hoover Street

Los Angeles, CA 90037
Courtesy of BRC Advisors- BH
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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

  • Interior Details
    • Beds & Baths
      • Bathrooms:2
  • Property Details
    • Measurements
      • Acres:0.3323
  • Construction Details
    • Type & Style
      • Property type:Purchase
  • Community and Neighborhood Details
    • Location
      • County:Los Angeles
  • Financial Details
    • Pricing Details
      • Original List Price:$6, 295, 000
      • Selling Office Commission:2.500
  • Other
    • Source
      • MLS #:22180559

Location

Patricia HamadaReal Estate Group
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  • Schedule Showing

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