Opportunity is the name of the game at 10903 Otsego Street so investors, read on! At 6224 square feet, this corner lot is zoned LAR3 and offers the potential for the construction of up to five single-family residences. The opportunities are endless — multi-story structures with modern design, outdoor space, off-street parking… everything today’s buyer is looking for in a quickly evolving market. The lot is located in North Hollywood, minutes to the Metro station and close to the North Hollywood Arts District. As a neighborhood, North Hollywood is drawing lots of attention and quickly becoming one of the most exciting developing areas in Los Angeles; restaurants upon restaurants, unique bars and community theaters are drawing interest from buyers of all types. Zoned R-3, this corner lot currently has two units. Front unit is a cozy two-bedroom, one upgraded bath. The back unit is a nicely upgraded upper two-bedroom, one-bath unit with potential downstairs third bedroom currently being used as a recording studio as well as half bathroom on the lower level. Developers and investors looking to expand their portfolios or even an end-user looking for a duplex will undoubtedly benefit from this exciting opportunity in an up-and-coming area; jump on this chance by reaching out for more information today.
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