Investor Goldmine in South LA – R2 Zoning + SB 9 Opportunity! This oversized 5,434 sq. ft. LAR2 lot is a rare gem with massive development flexibility. Zoned R2, it allows up to 2 primary units by right, plus 1 full-size ADU (up to 1,200 sq. ft. and 1 Junior ADU — delivering up to 4 legal rental units without needing a variance. But it gets even better: ? SB 9 Eligible: Qualifies for lot split under California’s SB 9 law. That means you could split into two parcels, build a duplex on each, and add ADUs — up to 8 units total. ??? Development Summary: • Current Zoning: LAR2 (Residential – 2 Units by right) • Lot Size: 5,434 sq. ft. • Unit Potential (without SB9): 1 duplex + 1 ADU + 1 JADU = 4 units • Unit Potential (with SB9 split): 2 duplexes + ADUs = up to 8 units • Frontage & depth: Flat, rectangular lot with alley access = builder-friendly ?? Investment Snapshot: • Average Rent (2-bed units in area): $2,200–$2,500/month • Full 4-unit config projected gross income: $105,000–$115,000/yr • 8-unit SB 9 config potential: $200,000+/yr gross rents • Cap rate potential (renovated new build 4–8 unit): 6–8%+ depending on cost basis and construction type • ADU cost per unit: Est. $120–$200/sq. ft. (stick-built