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925 S Brannick Ave

LOS ANGELES, 90023
Development Opportunity on a 5,850 SF Lot w/ Plans to Build 4 Homes on Individual Residential Lots

ASKING PRICE | $773,000

CURRENT
PROPERTY
TYPE
LOT SIZE
BED/BATH
ZONING
SFR (864 SF)
5,853 SF
2/2
R--3
PLANS
TO BUILD
HOME #1
HOME #2
HOME #3
HOME #4
875 SF (2BR/2BA)
1,140 SF (3 BR/2 BA)
1,140 SF (3 BR/2 BA)
1,145 SF (3 BR/2 BA)

Fully entitled subdivision project! We're excited to offer a one of a kind zoning initiative & development opportunity (Compact Lot Ordinance) to purchase an existing 5,850 SF R-3 opportunity zoned lot and subdivide them into four separate residential lots allowing for a new kind of attainable, fee-simple home ownership opportunity in East L.A. Plans are to build 4 homes; one of which is a 2 Bed + Loft /2 Bath and three of which are 3 Bed + Loft/2 Baths. Current property is a 864 SF Single Family Home with the option to be delivered vacant.

Tentative Parcel Map for lot subdivisions was officially approved on June 15, 2022 while final permits are awaiting an estimated 3-6 months for approval.

 

Take advantage of this investment in the rapidly sought-after pocket of East L.A where strong upside is offered and new developments are extremely desirable. See financials, plans, renderings project design and more info in the Offering Memorandum PDF attached.

"They have been thoughtfully wrought to maximize efficiency in order to keep building costs low, allowing for the new homes to enter the market at below-median prices and still remain profitable to our investors."

-The Real Deal, Los Angeles

Download the Offering Memorandum
Project Timeline
Financial Analysis
Comparables
Photos
Renderings
Plans
Project Design
Trade Area Overview
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Press Coverage

"The homes are state-of-the-art projects that prioritize contextual aesthetics, sustainability, great design, and of course—attainability,"

"Four joined homes

in East Los Angeles target the “missing middle” market segment"

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Contact Dan & Yohann about 
8925 S Brannick!

310.923.1550 | yohann@ikonadvisors.com
310.623.1310 | dan@ikonadvisors.com

Interested in this property?

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Dan Malka | CALDRE #02140446

Yohann Bensimon | CALDRE #01966630