QUALIFIED OPPORTUNITY ZONE!!! Great Investment Opportunity to own these 4 units, two separate buildings (10927-10929 Strathern and 10931-10933 Strathern) must be sold together and are reflected in the price. Great upside potential, property under Rent Control.

Our Development team has found that a Developer or Investor can build up to 37 units on site. They can be market-rate units allowing maximize the valuation of the property, can also apply for a density bonus (35% increase) if an affordable housing component is incorporated allowing a build "up to" 50 units, can also exercise the TOC "Transit-Oriented Community" guidelines which gives the ability to build up to 60 units with 23% have to be affordable housing units. Perfect opportunity for an Affordable Housing Developer. They are changing the TOC guidelines which may affect the ability to leverage this element. Check back in a couple of months on the changes to the TOC guidelines and also do a 100% affordable where the city of LA will prioritize applications.

The above statements on the number of units are estimates given from LADBS conditioned the applicant get approvals on the rezoning of the parcels.