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$ 1,375,000
Est. payment | /mo
7,502 Sqft Lot
$ 1,375,000
Est. payment | /mo
7,502 Sqft Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25-477901
Lot Size 7,502 Sqft
Acres 0.1722
Property Description
Prime development opportunity located in Korea Town within Qualified Opportunity Zone. Vacant 7,500sf flat lot, zoned R3-1, Tier 3 TOC, presents an amazing opportunity to develop up to 59-units affordable housing project with NO parking requirements. If a smaller scale project is more appealing to you, also included are an approved set of plans with ready to issue permits (RTI) to build a 15-unit apartment building over a single level subterranean garage. This site is located within a few minutes walking distance to Vermont/Beverly Metro Station (B-Line) and is otherwise centrally positioned within a highly densely populated neighborhood with high demand for rental units.
Location
State CA
County Los Angeles
Area Mid-Wilshire
Zoning LAR3
Exterior
View Y/N No
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Others
Special Listing Condition Standard
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Listed by Gold Group Realty, Inc.
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Armand Martin
Agent | License ID: 02140006