Skip To Content

5318 S Hoover St

Los Angeles, CA 90037
  • $6,295,000
  • STATUS: Active
  • ON SITE: 66 Days
  • ID#: 22-180559
UPDATED: 25 min ago
$6,295,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

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: $12,200,000 (see financial overview in OM)...can be sold together with 4345 Woodlawn Ave. (RTI to build 33 units) or can be sold separately

Monthly Payment Calculator



Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-09-24T11:42:54.137. 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.
www.realestatetoolbox.com/homes/131049689
Print Image

5318 S Hoover St Los Angeles, CA 90037

  • Price: $6,295,000
  • Status: Active
  • On Site: 66 Days
  • Updated: 25 min ago
  • ID#: 22-180559
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Downtown L.A.
County:
Los Angeles
Area:
Downtown L.A.
Property 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: $12,200,000 (see financial overview in OM)...can be sold together with 4345 Woodlawn Ave. (RTI to build 33 units) or can be sold separately
Exterior Features

Horse YN No Lot Size Area 14474 View Description Other View YN Yes

Property Features

Cable YN Yes Sale Type Standard Source Lot Size Area Developer Zoning Lac2

Listing provided courtesy of Ardy Ishal DRE#01769601 of Brc Advisors- Bh: .


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-09-24T11:42:54.137. 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.
 
Logo
Real Estate Toolbox | Pinnacle Estate Properties, inc
1855 E. Cochran St Ste 104
Simi Valley CA, 93065-2266