Description
We are excited to present an exceptional ready-to-issue (RTI) three-lot assemblage at 1323, 1325, and 1331 N June St. The lots host a total of 6 units, 8 bedrooms and 7 bathrooms across a single-family dwelling (SFD) with a spacious backyard, a triplex composed of bungalow units, and a duplex with a large concrete-paved area in the back. This strategic investment offers significant growth potential in a flourishing community with enormous upside. Plans call for the addition of 6 units, 29 bedrooms, and 21 bathrooms for a total of 12 units, 37 bedrooms, and 28 bathrooms. The SFD will be renovated and converted from a 1-bedroom, 1-bathroom to a 4-bedroom, 3-bathroom with 622 added square feet. Furthermore, an infill development will be erected behind it composed of three units: two 1,684 SF 4-bedroom, 3-bathroom townhomes and one 1,479 SF 3-bedroom, 2-bathroom ADU. The triplex bungalows will be renovated and the two 2-bedroom units will also be converted. The 2-bedroom, 1.5-bathroom will become a 1,615 SF 4-bedroom, 3-bathroom. The 2-bedroom, 1-bathroom will become a 1,339 SF 3-bedroom, 2-bathroom.The duplex will be renovated and converted from two 921.5 SF 1-bedroom, 1-bathroom units to two 2-bedroom, 2-bathroom units. Additionally, an infill development will be erected behind it composed of three units: two approximately 1,550 SF 4-bedroom, 3-bathroom townhomes and one 1,286 SF 3-bedroom, 2-bathroom ADU. The surrounding neighborhood is a vibrant blend of cultural diversity, offering a dynamic mix of residential and commercial properties primarily in the entertainment industry such as Paramount Pictures, Viacom, and the growing Netflix campus. It boasts strong connectivity with excellent public transportation links and proximity to key amenities like schools, hospitals, parks, and the bustling retail district just north of the site spanning the Hollywood Walk of Fame. The area sees strong demand for real estate, fueled by ongoing urban revitalization and high economic growth guaranteeing increasing rental income and property value for years to come. This development site, complete with RTI plans, is primed for lucrative returns in this burgeoning neighborhood.
-
37BEDS
-
0.15ACRES
-
28BATHS
-
01/2 BATHS
-
16,003SQFT
-
$312$/SQFT
School Ratings & Info
Description
We are excited to present an exceptional ready-to-issue (RTI) three-lot assemblage at 1323, 1325, and 1331 N June St. The lots host a total of 6 units, 8 bedrooms and 7 bathrooms across a single-family dwelling (SFD) with a spacious backyard, a triplex composed of bungalow units, and a duplex with a large concrete-paved area in the back. This strategic investment offers significant growth potential in a flourishing community with enormous upside. Plans call for the addition of 6 units, 29 bedrooms, and 21 bathrooms for a total of 12 units, 37 bedrooms, and 28 bathrooms. The SFD will be renovated and converted from a 1-bedroom, 1-bathroom to a 4-bedroom, 3-bathroom with 622 added square feet. Furthermore, an infill development will be erected behind it composed of three units: two 1,684 SF 4-bedroom, 3-bathroom townhomes and one 1,479 SF 3-bedroom, 2-bathroom ADU. The triplex bungalows will be renovated and the two 2-bedroom units will also be converted. The 2-bedroom, 1.5-bathroom will become a 1,615 SF 4-bedroom, 3-bathroom. The 2-bedroom, 1-bathroom will become a 1,339 SF 3-bedroom, 2-bathroom.The duplex will be renovated and converted from two 921.5 SF 1-bedroom, 1-bathroom units to two 2-bedroom, 2-bathroom units. Additionally, an infill development will be erected behind it composed of three units: two approximately 1,550 SF 4-bedroom, 3-bathroom townhomes and one 1,286 SF 3-bedroom, 2-bathroom ADU. The surrounding neighborhood is a vibrant blend of cultural diversity, offering a dynamic mix of residential and commercial properties primarily in the entertainment industry such as Paramount Pictures, Viacom, and the growing Netflix campus. It boasts strong connectivity with excellent public transportation links and proximity to key amenities like schools, hospitals, parks, and the bustling retail district just north of the site spanning the Hollywood Walk of Fame. The area sees strong demand for real estate, fueled by ongoing urban revitalization and high economic growth guaranteeing increasing rental income and property value for years to come. This development site, complete with RTI plans, is primed for lucrative returns in this burgeoning neighborhood.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2023-06-03T12:42:52.037. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.