926 Euclid Ave 926 Euclid Ave 2 Unit Apartment Building $799,000 ($399,500/Unit) Los Angeles, CA 90023

Shovel-ready value-add multifamily opportunity at 924 South Euclid Avenue. The property is improved with an existing two-unit duplex in a single structure with shared structural assemblies (stacked configuration) and tenants in place, providing immediate in-place income during development.
The offering includes approved RTI (Ready-To-Issue) plans for two identical, fully detached ADUs, along with an approved garage demolition permit. Final building permits have been approved but have not yet been paid, allowing the buyer to pay issuance fees and pull permits directly, significantly reducing entitlement risk and accelerating execution. All plans are approved under the 2022 California Building Codes.
Each detached ADU is designed as a 2-bedroom / 2-bathroom unit with full kitchen, in-unit laundry, and dedicated closet space. The ADUs are identical in layout and are assigned independent ½ addresses per approved plans, supporting construction efficiency and long-term operational clarity.
This opportunity allows a buyer to expand from an existing duplex to a four-unit configuration while maintaining current rental income throughout the development phase. Ideal for small-scale multifamily developers, builders, or long-term owner-operators seeking a low-entitlement-risk project.
Full approved plans available upon request. Buyer to independently verify all plans, permits, zoning, addressing, square footage, utilities, setbacks, tenant matters, and development feasibility with the local Department of Building and Safety and all applicable agencies. Property sold as-is, where-is.