2907 Obama Blvd
Los Angeles, CA 90018
Multifamily Property For Sale
·
2 Units
Property Facts
| No. Units | 2 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Lot Size | 0.18 AC | Year Built | 1944 |
| Building Size | 1,909 SF | Parking Ratio | 2.1/1,000 SF |
| Zoning | LARD2 | ||
| No. Units | 2 |
| Property Type | Multifamily |
| Lot Size | 0.18 AC |
| Building Size | 1,909 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1944 |
| Parking Ratio | 2.1/1,000 SF |
| Zoning | LARD2 |
About 2907 OBAMA BLVD , LOS ANGELES, CA 90018
Here is your opportunity to own an investment property on Obama Blvd! This duplex is a value-add or development opportunity in the Leimert Park area of Los Angeles. Take advantage of the Tier 3 TOC density bonus to build addt’l units thanks to the proximity to the Expo line & coming LAX/Crenshaw line. Property is zoned LARD2 which permits 1 unit/every 2,000sqft but can receive a 40% density bonus from the TOC along with reduced parking incentives & increased FAR ratios (buyer to verify). Property is just under 8,000sqft & includes 2 two-car garages off alley. 78-townhomes under construction behind the property. Expo & Crenshaw lines are driving mixed-use development along the transit corridor. Front unit consists of 2Bed/1Bath; rear unit consist of 3Bed/1bath. Sep. metered for elec. & gas w/sep. water heaters. Laundry connections in-unit & in the attached storage room. Prop. Occupied by long-term tenants. Amazing opportunity for investors, developers, & savvy-occupied buyers.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | - | - |
| 3+1 | 1 | - | - |
Property Taxes
| Parcel Number | 5044-011-002 | Improvements Assessment | $201,392 |
| Land Assessment | $307,211 | Total Assessment | $508,603 |
Property Taxes
