7234 S La Cienega Blvd & 811 Austin Ave are a wonderful
opportunity to purchase a corner lot (two parcels totaling
33,173 sqft ), priced at only $180/sqft (lot size). Take advantage
of this future development opportunity while collecting
income – offset cost of development! Build 30 units by right or
up to 60 units using affordable housing density bonuses.*
The buildings are composed of 18 units with a mix of (8)
2Bed+2Bath+Den, (2) 2Bed+1Bath and (8) 1Bed+1Bath units. 811
Austin Ave is an eight unit building currently collecting
$20,210/gross monthly.
Beneficial to the new buyer, the subject properties are located
10 minutes away from the brand new SoFi Stadium, Intuit
Dome, Kia Forum and Hollywood Park Development. Build in
one of the fastest growing pockets in Los Angeles!
*Buyer to confirm information*