925 S Brannick Ave, Los Angeles, Los Angeles County, CA, 90023 Los Angeles CA US

USD 827,000
For Sale MLS: 22-207577

Property Details

Bedrooms

2

Bathrooms

2

Neighborhood

Eastside L.A.

Property Type

Residential

Description

We're excited to offer a one of a kind zoning initiative & development opportunity (Compact Lot Ordinance) to purchase an existing 5,850 SF R-3 Opportunity Zoned lot and subdivide them into four separate residential lots allowing for a new kind of attainable, fee-simple home ownership opportunity in East L.A. Plans are to build 4 homes; one of which is a 2 Bed + Loft /2 Bath and three of which are 3 Bed + Loft/2 Baths. Current property is a 864 SF Single Family Home with the option to be delivered vacant. Tentative Parcel Map for lot subdivisions was officially approved on June 15, 2022 while final permits are awaiting an estimated 3-6 months for approval. Take advantage of this investment in the rapidly sought-after pocket of East L.A where strong upside is offered and new developments are extremely desirable. See financials, plans, renderings, project design and more info in the Offering Memorandum PDF attached. Find out more about this property. Request details here

Location

Address

925 Brannick Avenue, Los Angeles, California 90023, United States

City

Los Angeles

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