Great Deal Alert
Attention any and all development people, or anyone who knows a development person.
I have a great opportunity for the right person here. It is a chance to build 26 residential units on a parcel that is already 100% through the permit process and is ready to break ground! Three important things about this property that make a great deal:
1 – parking requirements are very relaxed thanks to recent ordinances which will save a lot of money on the build. Automated stackable parking can be done very economically here to get at least a dozen parking spots without going sub-terranean.
2 – This lot is extremely close – like a half mile – to LA Convention Center, LA Live, Staple Center (now called Crypto.com Arena and everything else going on in that part of downtown
and, lastly..
3 – this property is on the market for $2.6mm but I have a very close relationship and I am the only one who knows it can be had for considerably less than that, like probably around $2.2mm.
OK, there you go. If it looks as good to you as it does to me, then let’s go get it!
Ken shapiro
silverwood properties
818-237-6963
