Keyes Real Estate is proud to present an incredible R3-1 development opportunity on an 8,967 sq. ft. lot located in prime Westchester. Built in 1954, this 5-unit 4,503 sq. ft. property with large upside at market rents has the development potential for an additional 11 units and possibly 17 units with density bonus. Phenomenal location situated at the intersection of Culver City, Westchester, and Inglewood in what is being called the “New Westside.” A 15 minute drive to the beaches of Playa Del Rey, SoFi Stadium, and the Forum. Easy access to the 405 freeway and Sepulveda and only 5 minutes from the upcoming Westchester/Veterans station on Metro’s K Line.
Unit mix includes:
(2) 2 bed, 1 bath (Approx. 1,000-1,100 sq. ft.)
(3) 1 bed, 1 bath (Approx. 650-680 sq. ft.)
Additional income could be generated from common laundry facilities, which are not currently being monetized. Property has not been professionally managed and would benefit from professional management, should it not be developed. All unites will be delivered vacant.