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Description
Live Auction! Bidding to start from $1,000,000! ***3639 WHITTIER BLVD, ***7 UNIT APARTMENT BUILDING BID ***EXCELLENT UNIT MIX - FOUR 4+2s ONE 3+1, and TWO 1+1s ***Built in 1990 - Not subject to City of LA Rent Control ***21% UPSIDE IN RENTS ***BUYER WILL BE ABLE TO QUICKLY BRING RENTS TO MARKET STARTING IN 2024!!! ***SEPARATELY METERED FOR GAS & ELECTRIC. ***VERSITILE [Q]C2-1-CUGU ZONING - TWO ADJACENT [Q]C2-1-CUGU PARCELS AVAILABLE 25,947sqft TOTAL LAND ***WITH ALL 3 LOTS, EXISTING PLANS FOR AFFORDABLE HOUSING - ADDITIONAL 84 OR 119 UNITS - 160 TOTAL UNITS MAY BE POSSIBLE!!! ***SELLER OWNED LAUNDRY ***COVERED PARKING ***CENTRALLY LOCATED TO SCHOOLS, FREEWAYS, PUBLIC TRANSPORTATION, RETAIL & EMPLOYMENT ***HIGH WALK SCORE OF 85 IN A QUICKLY GENTRIFYING AREA.
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Listing Agent: Steven Dempster
Listing Office: Harcourts Prime Properties
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