$2,995,000

Pleased to present the sale of 156 & 200 E 120th St a 18,488 square foot lot located in South LA, zoned R3-1XL-CPIO TRIER 3 . Proposed plans for a 44 unit has been entitled with LADBS and is Ready-to-issue (RTI). The unit mix of this property consists of 38 x 1 bedroom and 6 x 2 bedroom units. 3 story building with 32,919 gross building sq ft, 31,206 net building sq ft, Individual electricity and gas meter, mastered water meter with the option of water sub-meter with additional low cost.Efficient type V construction with no parking requirement, no elevator on site, Proposed construction $5,000,000 or $150 per sq ft. Great cash on cash %10 on Hold and % 100 on capital on sell strategy, Low Risk, contract lease with government agencies or sell to LAHD $350,000 per unit will valuate the property $ 15.5 Million.