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
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Area Information 90005
Population:
48.78%Female
90.05%Rented
8.14%Vacant
4.6%Associate
22.41%Bachelor
7.41%Graduate
History
Date | Transaction | Price | Mortgage Amt & Lender |
Date
Dec 17, 2020
|
Transaction
Sold - Land20-642428
|
Price
$1,950,000
|
Mortgage Amt & Lender
-
-
|
Date
Dec 17, 2020
|
Transaction
Sold - Residential Income20-640758
|
Price
$1,950,000
|
Mortgage Amt & Lender
-
-
|