The subject property is an 8,723 square foot vacant lot on the corner of Oakwood and Mariposa Ave with ready to issue permits for 14 apartment units by the close. Each unit averages over 1,000 square feet with a unit mix of thirteen two bedroom two bath units and one three bedroom three bath unit. There is one unit require to be low income at about $700 per month. The other units will be market rate making the property a great cash flow opportunity once it is completed and rented out. Units were designed thoughtfully with a modern approach. Most units have views to either Hollywood sign and Griffith Observatory or Downtown Los Angeles. There is also a rooftop deck for tenants to enjoy. Vacant land with no building to demolish.
BRENT ROBERTS Realtor | CA BRE# 01946139 | 619-762-4883
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