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Two properties assembled together, either as a value-add or possible development opportunity. On one APN (4263-019-008) is 11601 Ohio Ave a SFR that does not fall under Los Angeles rent Control. On the other APN (4263-019-009) is a 4plex. The building square footage totals 2,845 sq. ft. and the lot totals 7,595 sq. ft. The properties also have alley access. This allows a savvy developer to push the setbacks and maximize square footage for 9 units by right or 14 units with the state density bonus. As of the new update with AB 2345, a developer can increase the upper limit of the density bonus to 50% for housing projects with 15% units designated to very low income units, 24% to lower income units or 44% moderate income units. Buyer to verify all information, 1459 Federal Ave is 4 units under housing but shows 3 units on title. DRIVE BY ONLY! DO NOT DISTURB TENANTS! Read More

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