815 N Acacia Street is a developer's dream! This 7 unit property sits on an oversized R3 zoned lot, measuring 23,605 square feet. At just $99/lot square foot, this is one of the cheapest usable lots in Los Angeles. The existing remodeled structures consist of six 2 bedroom/1 bathroom units and a 4 bedroom/3 bathroom front house. The property also features plenty of parking and 6 private garages. The property is extremely well located, central to major employment, transportation, and points of interest alike. Situated in one of LAs most burgeoning neighborhoods, 815 N Acacia Street is well-positioned to benefit from current and upcoming area development including the new SoFi Stadium (2.2 miles away) and the upcoming Florence/La Brea Light Rail Station (0.9 miles away). This Station will connect passengers to LAX and the rest of Los Angeles. Residents will also enjoy a 2 minute walk to Highland Elementary School, a 6 minute walk to local restaurant favorite The Serving Spoon, and a 5 minute drive to the nearest I-405 freeway on-ramps. Additionally, the property sits just 7.2 miles from popular Dockweiler Beach. This is an excellent opportunity to acquire reliable cash flow with future versatility.