Description
7-Unit Apartment Located in the Hyde Park Neighborhood of Los Angeles | Large 9,477-SF Lot | Rare LAR3 TOC Tier 3 Zoning - Build Up to 21 Units* | TOC Tier 3 High Density Bonus Allowance with No Subterranean Parking Required & Only 0.5 Parking Spaces Per Unit | Tremendous Value-Add Opportunity - Approximately 90% in Rental Upside | 10.22% Pro-Forma Cap Rate & 6.78 Pro-Forma GRM | Unit Mix of (One) 2-Bedroom/1-Bathroom House & (Six) 1-Bedroom/1-Bathroom Units | Located Just a Few Blocks from Hyde Park Station for the Crenshaw/LAX Metro Transit Line (K Line) | Offered at $150,000 Per Unit & $282 Per SF | Located 2 Miles from Baldwin Hills Crenshaw Plaza, SoFi Stadium & The Forum and Approximately 2.5 Mile from Intuit Dome (NBA Clippers Arena)
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8BEDS
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0.22ACRES
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7BATHS
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01/2 BATHS
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3,723SQFT
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$282$/SQFT
School Ratings & Info
Description
7-Unit Apartment Located in the Hyde Park Neighborhood of Los Angeles | Large 9,477-SF Lot | Rare LAR3 TOC Tier 3 Zoning - Build Up to 21 Units* | TOC Tier 3 High Density Bonus Allowance with No Subterranean Parking Required & Only 0.5 Parking Spaces Per Unit | Tremendous Value-Add Opportunity - Approximately 90% in Rental Upside | 10.22% Pro-Forma Cap Rate & 6.78 Pro-Forma GRM | Unit Mix of (One) 2-Bedroom/1-Bathroom House & (Six) 1-Bedroom/1-Bathroom Units | Located Just a Few Blocks from Hyde Park Station for the Crenshaw/LAX Metro Transit Line (K Line) | Offered at $150,000 Per Unit & $282 Per SF | Located 2 Miles from Baldwin Hills Crenshaw Plaza, SoFi Stadium & The Forum and Approximately 2.5 Mile from Intuit Dome (NBA Clippers Arena)
Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-06-20T18:44:14.71. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.