$8,617/mo
Proposed 1 & 2 Story Building with 10 Units and 10 Parking Spaces • 3 bed 2 bath • Planning approval to build 10 Units estimated time ±45 days • Priced below Land Value • Seller will sell upon entitlements and city approval • Seller will also sell upon fully developed (call to discuss) • Excellent location with proximity to the 405, SoFi Stadium, Hollywood Park, and LAX • 7.56% Pro-Forma CAP Rate with a 9.92 Pro-Forma GRM • POTENTIAL PROFIT $4,242,265 PLEASE REVIEW THE SUPPLEMENTAL ATTACHED.
About the Author
Joseph Nuzzolo
Joe was Born and raised in New York and came to LA when he was 25 years old. He started in the fine arts industry with tremendous success. As a Sales Expert, he has closed over 11,000 art deals. It was his love of working with fine art, his creative mindset – and a succession of personal real estate investment deals – that led him into the world of real estate. He was the top agent for 3 Leaf Realty before opening his own firm.
In 2017 Joe decided to branch out on his own and launch his long planned and awaited, Thompson Team Real Estate based in Torrance. Where he and his team of hand picked agents cater to a discerning clientele. Through his 30 years of sales experience, Joe has built a strong and formidable reputation with clients, industry professionals and peers. He utilizes the latest technologies, market research and business strategies to exceed his client’s expectations. More importantly, he listens and finds solutions that are tailored to each client’s specific needs.