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2907 Obama Blvd.

Los Angeles, Ca 90018

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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 addit'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 consists of 3Bed/1Bath. Sep.metered for elect. & 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 owner-occupied buyers.

Offered At $799,000

Property Highlights

 

  • Duplex

  • Value-add opportunity 

 

  • Located in Leimert Park

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