815 N Acacia Street is a developer's dream! This 7 unit property sits on an oversized R3 zoned lot, measuring 23,605 square feet. At just $99/lot square foot, this is one of the cheapest usable lots in Los Angeles. The existing remodeled structures consist of six 2 bedroom/1 bathroom units and a 4 bedroom/3 bathroom front house. The property also features plenty of parking and 6 private garages. The property is extremely well located, central to major employment, transportation, and points of interest alike. Situated in one of LAs most burgeoning neighborhoods, 815 N Acacia Street is well-positioned to benefit from current and upcoming area development including the new SoFi Stadium (2.2 miles away) and the upcoming Florence/La Brea Light Rail Station (0.9 miles away). This Station will connect passengers to LAX and the rest of Los Angeles. Residents will also enjoy a 2 minute walk to Highland Elementary School, a 6 minute walk to local restaurant favorite The Serving Spoon, and a 5 minute drive to the nearest I-405 freeway on-ramps. Additionally, the property sits just 7.2 miles from popular Dockweiler Beach. This is an excellent opportunity to acquire reliable cash flow with future versatility.
Listing courtesy of Jordan Peikin from Clement Partners Real Estate
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