Income Generating Land W/ Development Potential Land for Sale with Short Term, 5-Year Lease in place with the City of Los Angeles CA. Rare developers’ opportunity to generate income during the Pre-Construction, Design and Development process of construction. This property combines near-term cash flow with long-term upside, offering both financial stability and future growth potential. Income Increases to $414,060 in January of 2027. Projected Annual Income & Cap Rates • 2026: $270,900 – 3.38% CAP Rate • 2027: $414,060 – 5.76% CAP Rate • 2028: $419,807 – 5.86% CAP Rate • 2029: $431,474 – 6.10% CAP Rate • 2030: $437,394 – 6.15% CAP Rate The structured escalation provides predictable cash flow while reducing holding costs during the planning and entitlement phase. This opportunity presents a unique Two-Phase prospect in East Hollywood: immediate income backed by the City of Los Angeles along with the potential for long-term residential development. Coupled with the area's robust amenities, excellent transit access, and vibrant cultural scene, the site is ideally situated to provide both community benefits and future growth. PROJECTED USE: The City of Los Angeles plans to develop a Tiny Home Village to provide temporary housing for those experiencing homelessness. (subject to change at Lessee’ discretion)