5762 MORLEY Street, Los Angeles, CA 90045

About this property

An Opportunity not to be missed. This is a package deal of two parcels for brand new 31 Unit development site. The seller will provide approved plans with RTI status. You can buy pay for the permits and start construction the next day. The both properties are currently vacant. The total approximate land square footage of 25127 includes parcel numbers 4125-011-013 and 4125-011-014.This is a rear opportunity for an investor to buy and build 31 units near LAX,Dockweiler beach, fox hills mall, Howard Hughes center and many other amenities near by. The new building will be approximately 33000 square feet with 60 on grade parking. The building will consist of a Gym and a leasing office. The property located in a semi cul de sac that offers privacy and seclusion for your tenants. The architectural plans will be provided to buyer with an accepted of offer. Call L/A to receive an offering memorandum. Call me any time with any question. Buyer to cooperate with sellers 1031 exchange.

Listing description from the January 2016 sale, as reported to CRMLS.

Sale history

$3,200,000

Sold January 2016 · listed $3,995,000, on market September 2015 · MLS #15943187 · Source: CRMLS

Listing Agent: Suminda Sellahewa · Listing Office: L and M Estates, Inc. · Contact: 310-621-1563 · Bought with: Bob Herrera · Professional Real Estate Servi

$683,910

Sold June 2013 · listed $703,500, on market April 2013 · MLS #13661817 · Source: CRMLS

Listing Agent: Ryan Cinelli · Listing Office: BRC Advisors · Contact: 213-226-8700 · Bought with: Suminda Sellahewa · L and M Estates, Inc.

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