Approved plans for a five-story, 27-suite, residential care facility. Buyers should independently confirm RTI status and remaining permit conditions. Boutique Residential Design: Private suites of approximately 310—380 SF, each with a private bathroom; plus shared kitchens, living, dining and out-door areas on each floor. Prime Infill Location: Near Silver Lake, East Hollywood and Los Feliz, within walking distance to Sunset Junction, restaurants, transit, amenities and major healthcare providers. Income During Pre-Development: There is an existing duplex, income is reported to generate approximately $96,000 in annual gross income and $72,000 in annual NOI if the buyer elects to retain the tenancy. Optional Construction Structure: Seller, is a licensed contractor, seller will build out the project for the buyer. Preliminary Budget and Timeline: Seller estimates approximately $5 million in construction cost and a 14-month build period. Both figures are estimates only and require independent verification. Alternative Use Potential: Seller identifies other potential uses for the fully entitled assisted living facility, which include a multifamily complex with up to 35 studio apartments also potential use as an sober-living facility, the current design also favors the suggested additional concepts. Note, the suggested additional concepts are subject to revised plans and all city, state and licensing approvals.