• 6,750 sq.ft. lot
offered at $1,549,800
Status: Active // Property Type:
County: Los Angeles

Property Description

Best Koreatown location close to DTLA! This Unentitled Development Opportunity in one of the most Densely Populated areas of Koreatown, Take advantage of TOC Tier 2 Density bonus of 60%, Owners plan was to build 25 Units 10 Studio + 10 1bed 1bath + 5 2bed 2bath. Rents for new apartments are going from $1,500~$3,000 per/unit in the area. Huge Income Producing Opportunity, R4 Zoning, Many Commercial Amenities, Metro Stations are walking distance or short Bike Ride. Area is experiencing Mass Gentrification, hundreds of New Apartment and condo projects are currently under construction. Currently the Lot has a SFR that is tenant occupied and will be delivered vacant. Property being sold AS-IS Land Value

Listing Courtesy of Michael Cherry, Lifetime Realty Inc

Exterior Features

Exterior Features: Urban
  • raj qsar
    CEO | Owner |
    CalBRE# 01744847
    • cell 714.412.5019
    • office 949.612.2535
    email Raj

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Based on information from California Regional Multiple Listing Service, Inc. as of July 9, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.