Two single family homes on a 7,762sf lot in West Los Angeles off Santa Monica Blvd adjacent to commercial office building. 1465 house is 2BR/1BA and is leased at $3,300/mo; 1463 house is 3BR/3BA + 2 offices and is occupied by owner with lease back for 4 months at $4,000/mo. The lot can be redeveloped with 5 market rate apartment units or condos. This is a rare opportunity to purchase an income producing property in West LA with great potential for redevelopment and appreciation. Buyer can generate 2.5% cap rate while applying for permits.
Courtesy of Hilton & Hyland, David Kramer - CA DRE#00996960
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