***RTI Building Permits by Sept*** The subject property consists of a single story triplex, on a flat corner lot, with fully approved plans for 6 SLO homes, averaging in size from 2,000-2,234 SF. The future development will be 6 small lot homes which are three stories in height and have a direct attached garage. Each home will have 3 bedrooms/3 bathrooms inclusive of a full bathroom on the ground floor. The existing triplex will be delivered vacant at close of escrow and RTI building permit status will be issued in the near future (RTI permits can be a condition of closing). This fully approved/non-appealable project will afford a builder the opportunity to construct an infill development within close proximity to many institutional home builder projects. Eagle Rock has seen a tremendous appreciation in recent years with the current average price per foot of $592; a 15% increase from the same period in 2015. The site is located North of Colorado Blvd in one of the most desirable areas of Eagle Rock. Conveniently located near Eagle Rock's best restaurants - Little Beast, Cindy's Diner, Cacaos and Casa Bianca. Walking distance to Found Coffee, Trader Joes, and Eagle Rock Beer Cellar.