5421 Flemish Lane
Los Angeles, CA 90029

Opportunity knocks in the heart of Los Angeles - California with the Flemish Lane Apartments, a mixed-use commercial and residential income building, fully-occupied, comprised of three contiguous parcels and expanding nearly 1-block in length within the Hollywood Redevelopment Project Zone. This offering represents a Cap Rate of +6.3%. The 17 residential units are a mix of 1Bed-1Bath and 2Bed-1Bath units, along with 1 commercial unit. The building is fully rented and there is upside potential to realize. This is a unique opportunity for a major TOC Development and/or DensityBonus Project considering an adjacent, similarly-sized lot, has recently received approval for a 65-unit apartment complex. Investor may have option to add two ADUs to the 5421 parcel which contains the current commercial and parking garage spaces.