Sold $550,000 - 4-Plex
It’s not often I send out an email on a property such as this one. However, I believe this is an excellent combination of a) having a great potential and b) ‘flying under the radar’ which minimizes the competition and the prospect of a bidding war.
Here’s the deal:
It’s a single family residence right smack in the middle of very hot York Blvd in Highland Park. The fact that it is a single family residence is not what is so exciting. What IS exciting is the fact that it is zoned C-4 and one can level the home and build any number of possible combinations there, ranging from: a 4-plex, to several single family residences using the small lot subdivision ordinance, or even a combination of commercial units and residential units.
Also of note is the fact that this property is only blocks away from Occidental College and also only blocks away from the Highland Park nightlife that has recently sprung up on York Blvd, around Avenue 50.
If the property can be had at or near the asking price, it should provide the opportunity for an development that would bring excellent return. If you want help with this one, or know someone who might, then call me.
