Developers take note: This property consists of two lots tied together. One is R3 zoned and approximately 11,500 sq. ft.; The other is R1 zoned and approximately 11,500 sq. ft., per Assessor map. This is a great and rare opportunity to build an apartment building or condos, in the range of 10 to 14 units on the R3 lot and still have an 11,000+ sq. ft. R1 lot to build on in this very desirable area just west of Laurel Canyon Blvd. at Oxnard St. The property has been owned by the same family for 50 years. Currently, there are 2 small houses on the property, both rented, bringing in approximately $2700 per month rent. The site addresses are 6011 and 6017 Rhodes. The property is under LA City Rent Control and the buyer will have to take responsibility for the tenants and any relocation costs to be incurred after close of escrow. Neither seller nor broker makes any representation as to what the city may or may not allow to be built. Buyer to conduct their own due diligence.