1020 S Holt Ave

1020 S Holt Ave

Property Description

As your dedicated Realtor in Los Angeles, Sharlot Arabshahi is thrilled to present this exceptional opportunity: a spacious duplex located in the highly sought-after Pico Robertson area, adjacent to Beverly Hills. This existing duplex is not just a home; it’s a phenomenal investment opportunity that savvy investors cannot afford to miss.

Zoned R3 Tier 3 TOC, this property is currently in the process of obtaining RTI (Ready to Issue) approval for a 12-unit, four-story apartment complex. The proposed development includes 7 units featuring 2 bedrooms and 2 bathrooms, alongside 5 units with 1 bedroom and 1 bathroom. With a total net rentable area of approximately 9,877 square feet, this property promises significant income potential. Additionally, one level of subterranean parking will enhance tenant convenience, making this a highly attractive option for renters.

The duplex sits on a generous lot size of 6,045 square feet, currently generating a monthly rental income of $5,156. However, with the proposed development, the projected rental income is expected to rise to around $8,000 a month. Both units consist of 2 bedrooms and 2 bathrooms, contributing to a total building size of 2,954 square feet. The current layout and the planned improvements make this property a lucrative opportunity for those looking to invest in a growing market.

One of the standout features of this property is that two of the units are designated for low-income housing on the ground level. This commitment not only benefits the community but also provides tax incentives, enhancing the overall investment appeal. The RTI process is almost complete, paving the way for swift development and increased returns.

The location of this duplex is another major selling point. Situated in a vibrant neighborhood close to local amenities, residents will enjoy easy access to shopping, dining, and entertainment options. Its proximity to the heart of Los Angeles makes it even more attractive to potential renters, ensuring a steady demand for housing. Investors will appreciate the area’s desirability, which is a key factor in attracting and retaining tenants.

As your trusted Realtor in Los Angeles, Sharlot Arabshahi is here to guide you through this investment opportunity. With her expertise in the local real estate market, Sharlot can provide invaluable insights and support throughout the buying process. She understands the intricacies of property development and can help you navigate through any challenges that may arise.

Don’t miss out on the chance to invest in this promising property! The combination of a spacious duplex, significant rental potential, and a prime location make it an investment that stands out in today’s market. If you’re ready to take the next step, please make your offers subject to the inspection of the property.

For more information or to schedule a viewing, contact us today! Let Sharlot Arabshahi assist you in seizing this remarkable investment opportunity in Los Angeles.

Directions : South of Olympic, East of Robertson. Los Angeles CA90035