Listing ID : 20598072
Description
100% vacant 5 unit building with 40-unit development potential in the heart of Koreatown priced at only 57k per buildable unit. The subject 9,417 SF lot is in an R4-2 zone with the benefits of TOC (Tier-3) & "Opportunity Zone" designations. Per LADBS, 40 units can be built using the TOC designation and 23 units by right. There are currently 2 structures on the property, totaling 4,940 SF and 5 units. The current improvements could provide cash flow during the entitlement process. Preliminary Plans call fo
Details
Type:
Land Sale
County: Los Angeles
Tax ID: 5077020018
Days on Market: 573
Property Type: Land Sale
Sub Type: Unimproved Land
Zoning: LAR4
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2834 W. Leeward, Los Angeles, CA 90005
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Area Information 90005
Population:
32,130 Up .03% since 2010
Average Income:
$68,882
Average Age:
36Years
Gender:
51.22%Male
48.78%Female
48.78%Female
Households:
12,48125.35% with children
Average Value:
$1,354,211
Occupancy:
9.95%Owned
90.05%Rented
8.14%Vacant
90.05%Rented
8.14%Vacant
Education:
21.48%High School
4.6%Associate
22.41%Bachelor
7.41%Graduate
4.6%Associate
22.41%Bachelor
7.41%Graduate
Average Residency:
18Years
Crime Rate:
Above Average
Annual Rainfall:
14.93Inches
Earthquake Risk:
Very High
Hurricane Risk:
Very Low
Ozone Risk:
Average
Pollution Risk:
Average
Tornado Risk:
Average
