It is rare to find a property like 4731-4743 Clara available to purchase on the market today. The property is comprised of three large lots, with an astonishing footprint of over 60,000 total square feet! The property feels more like a park in certain places! The property boasts a diverse unit mix and ample parking. There is a myriad of executable business plans that may be able to be implemented at the subject property. Clearly, there is presently upside in rental income in the SFR-like units which can be attained over time. These units are like homes, many with their own front and back yard areas. Additionally, numerous ADU opportunities might be available for value add investors. Furthermore, this property may present developers, tax credit and otherwise, with a much larger development opportunity based on current zoning and the demand for subsidized housing in California (buyer to verify all of the above). What is also terrific about this asset is the proximity to the Clara Park next door which boasts the Leo Turner Community Center. This center hosts a number of recreational opportunities for local residents. This property is a tremendous opportunity for the right, entrepreneurial real estate group/investor.
It is rare to find a property like 4731-4743 Clara available to purchase on the market today. The property is comprised of three large lots, with an astonishing footprint of over 60,000 total square feet! The property feels more like a park in certain places! The property boasts a diverse unit mix and ample parking. There is a myriad of executable business plans that may be able to be implemented at the subject property. Clearly, there is presently upside in rental income in the SFR-like units which can be attained over time. These units are like homes, many with their own front and back yard areas. Additionally, numerous ADU opportunities might be available for value add investors. Furthermore, this property may present developers, tax credit and otherwise, with a much larger development opportunity based on current zoning and the demand for subsidized housing in California (buyer to verify all of the above). What is also terrific about this asset is the proximity to the Clara Park next door which boasts the Leo Turner Community Center. This center hosts a number of recreational opportunities for local residents. This property is a tremendous opportunity for the right, entrepreneurial real estate group/investor.