Listed at $1,650,000 Planned 5 Unit Small Lot SFR Project€¦ · Planned 5 Unit Small Lot SFR...

Planned 5 Unit Small Lot SFR Project Listed at $1,650,000

2021 S.Redondo Blvd, Los Angeles, CA 90016Jonathan Ahdoot | (310) 774-7240

Project DescriptionBrief description of the project

Unbelievable development opportunity in prime Mid City Los Angeles! An extraordinary chance to develop Small Five Lot Subdivisions located in the unique CA Opportunity Zone, allowing investors to

defer or eliminate federal taxes on capital gains. This property is situated on approximately 10,000 sqft lot zoned RD2. Highlights include a flat lot with no subterranean or hillside scope of work

required. The property will be sold with approved, non-appealable Letter of Intent and Ready to Issue plans with estimated completion date for Feb 2019. Construction documents are currently in process

& submitted to LADBS. Re-sell Value of entire subdivision is projected north of $5.5M.

2021 Redondo Blvd▪ Submarket Area: Mid City

▪ Total Sit Area: 10,000 SF

▪ Zoning: RD2

▪ Currently a 5 Unit Apartment Building

▪ Property will be sold with approved non-appeable LOD & substantial work toward RI

▪ Construction documents are currently in process & submitted to LADBS

▪ Re-sell Value Projected North of $5.5M

Renderings

Renderings

Site Plan

Site Plan

Small Five Lot Subdivision

Opportunity Zone

For more information:

https://therealdeal.com/la/issues_articles/theres-gold-in-them-zones/

Opportunity Zone

Letter of Intent

LOI Dropbox Link:https://www.dropbox.com/sh/wy04irgkea52g6v/AABltMyKe17f6TSkAZBajy_Qa?dl=0&previe

w=Doc+Sep+21%2C+2018%2C+0754.pdf

Plans

Dropbox Link:

https://www.dropbox.com/s/jp7jpds14imdyf6/09.19.18_Redondo%202021.pdf?dl

=0

Plans Cont.

2021 S.Redondo Blvd Los Angeles, CA 90016

2021 S.Redondo Blvd Los Angeles, CA 90016

Planned 5 Unit Small Lot SFR Project Listed at $1,650,000

2021 S.Redondo Blvd, Los Angeles, CA 90016Jonathan Ahdoot | (310) 774-7240