3231 City Terrace Dr is a $849,000, 2,230 square foot, 6 bedroom, 5.0 bath home located in Los Angeles, CA.
Here is a listing where you can easily do an enormous amount of your own 'value add.' You've got 9000 sq ft of mixed use property. The max number of units permitted for an all residential project would be 6. As far as commercial it will depend on the parking you can provide. Professional Office is 1 for every 400 square feet, Retail is 1 for every 250 square feet, and a food establishment depends on the occupancy load. If you wanted to do a mixed use project, your max residential unit count would be 3 units. There are currently two vacant commercial units and two residential units, one of which is vacant and the other should be very easily vacatable, if you so desire. It also has space beneath the residential units currently used for parking but can be easily converted into either residential or commercial spaces.
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