Opportunity knocks in the heart of Los Angeles - California with the Flemish Lane Apartments, a mixed-use commercial and residential income building, fully-occupied, comprised of three contiguous parcels and expanding nearly 1-block in length within the Hollywood Redevelopment Project Zone. This offering represents a Cap Rate of +6.3%. The 17 residential units are a mix of 1Bed-1Bath and 2Bed-1Bath units, along with 1 commercial unit. The building is fully rented and there is upside potential to realize. This is a unique opportunity for a major TOC Development and/or DensityBonus Project considering an adjacent, similarly-sized lot, has recently received approval for a 65-unit apartment complex. Investor may have option to add two ADUs to the 5421 parcel which contains the current commercial and parking garage spaces.
Some words will not translate correctly. By using this feature, you accept this risk and agree to release Berkshire Hathaway HomeServices and its franchisees from any claims or damages resulting from incorrect translation.
Berkshire Hathaway HomeServices does not endorse any of the products or vendors, referenced on this material.
Any mention of vendors, products, or services is for informational purposes only.
Member of: Berkshire Hathaway HomeServices Real Time Realty, (831) 444-8500 Agent Login | Agent CRM Login
Our website uses cookies, including third parties’ profiling cookies, to improve your user experience. You can learn more about how we use cookies and how to change your
cookies settings in our Privacy Policy. By closing this message, clicking above or continuing to use this site, you consent to our use of cookies.