Endless opportunities exist with this covered land play. Value in the land with this high density zoned RM 3-9 property. Enjoy the rental income from the existing 2 bedroom 1 bathroom 864sf North Park bungalow on a large 4200 sq ft lot perfectly situated where North Park, Normal Heights, and University Heights come together. Current owners have renderings and schematic design for a 5 unit building with each unit approx 1,200sf each, 2bed 2.5 bath with ~490sf of rooftop deck and a single parking spot. Other options would be to increase potential unit count by adding multiple stories. Someone could also keep the house and build additional units in back. House is currently rented at $3150 a month. The information contained in this offering has been obtained from sources we believe reliable; however, South Coast Commercial Inc. has not verified, and will not verify, any of the information contained herein, nor has South Coast Commercial Inc. conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.
FACTS / FEATURES
- Lot Size: 4,216 sqft