Fully entitled 11,376 SF lot with building permits issued by LADBS on 12/06/16 for the construction of a 12-unit apartment building! There is no other similar project that we are aware of in the LA metro area for sale that is literally ready to be built. This is a rare opportunity to acquire property at the stage of construction and is perfect for a local owner builder and / or an experienced and seasoned real estate developer. Great unit mix of nine 3 bed 2 bath, two 2 bed 2 bath, and one 1 bed 1 bath apartment. 2 of the units are designated low income (Section 8 pays the rest?). We expect that the finished project’s gross income in the first year of operations will be $250,000+ and that the total resulting project will be valued at more than $4,000,000 after construction and lease up. The total building is to be 15,370 SF and is expertly designed for cost efficient construction. No underground parking and ADA unit on first floor! This property is just over 1 mile from the future LA Rams stadium and is within walking distance of multiple metro light rail stations for easy access to Downtown LA, Santa Monica, and LAX by 2019. This could be the perfect 1031 exchange opportunity and / or a great property for long term cash flow.