Description

Development & investment opportunity: fully rti for 16 units, approved for section 8 presenting a prime investment and development opportunity with fully rti (ready to build immediately) plans for 16 units, consisting of 13 one-bedroom units and 3 two-bedroom units. the property is approved for section 8, offering significant future rental income potential upon completion. key features: rti for 16 units: the property is approved and ready for immediate construction, with plans for 13 one-bedroom units and 3 two-bedroom units, creating a strong future rental income stream. current income: the existing 6-bed, 3-bath duplex currently generates $5,460 per month in rental income from non-section 8 tenants, providing reliable cash flow as you move forward with your development plans. additional room: an additional room in the duplex is available for rent, further increasing the property's rental income potential. ellis act eligible: the property is eligible for the ellis act, offering flexibility for future redevelopment or adjustments to tenant occupancy. this is a rare opportunity for investors to take advantage of a fully rti property, currently generating rental income with non-section 8 tenants while offering strong future potential through section 8 approval. with immediate cash flow and long-term growth possibilities, this property is a solid addition to any portfolio. please inquire about current expenses on the duplex

• Property Type

  Residential Income

• County

  Los Angeles

• Style

  Residential Income

• AD ID

  50106935