Newer Build Home with views on an 85,692 SF Lot. Great Large family home with Mount Washington schools. The residence features high ceilings a great family room with incredible views through the bay window. The land will be delivered with conceptual plans to subdivide to 9 additional SFR homes. The future development will be 10 Single Family Homes which are 2-3 stories in height and have a direct attached two car garage. Each home will have 2-4 bed/baths with dens and yards/patios. In addition each home features a sizable master. The existing vacant lot will be delivered with conceptual plans, civil work, soils, survey, biology report, traffic study and Phase 1 Environmental. In addition the conceptual plans have been vetted with the city and fire. This is rare opportunity for Savvy Buyers to take on and create a great project that will sell quickly due to its close proximity to everything(Downtown, Highland Park, Gold Line etc...) Drone Shots https://youtu.be/GustIfJWkqY
Courtesy: RE/MAX LEADERS REAL ESTATEJONATHAN FRANCO
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2816 Fredrick St is a great investment opportunity in Cypress Park an up and coming neighborhood of NELA. This duplex offers dwellings that are completely detached with separate gas and electric meters. Tenants are a short drive to Downtown Los Angeles, Silver Lake, and Old Town Pasadena. The front unit is currently tenant occupied with strong history of rent paid. What I Love About This Home: Perfect for an Owner/User or Novice Investor. Live-In-One / Rent-Other, or Realize a Cash-on-Cash ROI of 6.30% 2816 Fredrick St offers a huge upside potential on Rental Income. Strong offers may receive concession consideration for tenant relocation assistance. The back unit is currently vacant. New owner may set the unit rental rate.
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