Description
Unique DEVELOPMENT (un-entitled) opportunity in trendy KOREATOWN and Echo Park adjacent Westlake District. Located between Wilshire and Beverly Blvd, just east of Rampart Str; quiet residential area that is rapidly gentrifying. Architectural drawings, rendering go with property; Modern and light proposed structure with total of 26 units: 45 parking spaces at grade level (no subterranean costs). 13U- 2 bed and 2-2.5 baths, and 13U -1bed and 1-1.5 baths. Town homes are more rare and normally rent approx. 7-10% higher than regular apartments. 2 of the 26 units designated very low income. Several new Mixed Use projects in the works within 0.5 mile from this site with over 20,000 sf of brand new hip retail, services and trendy restaurant spaces on Wilshire at Virgil, Hoover and Alvarado Blvds. Walk Score 90. The lot is completely empty. Building across street completed 2016 with excellent rent comps.
-
0BEDS
-
0.36ACRES
-
0BATHS
-
01/2 BATHS
School Ratings & Info
Description
Unique DEVELOPMENT (un-entitled) opportunity in trendy KOREATOWN and Echo Park adjacent Westlake District. Located between Wilshire and Beverly Blvd, just east of Rampart Str; quiet residential area that is rapidly gentrifying. Architectural drawings, rendering go with property; Modern and light proposed structure with total of 26 units: 45 parking spaces at grade level (no subterranean costs). 13U- 2 bed and 2-2.5 baths, and 13U -1bed and 1-1.5 baths. Town homes are more rare and normally rent approx. 7-10% higher than regular apartments. 2 of the 26 units designated very low income. Several new Mixed Use projects in the works within 0.5 mile from this site with over 20,000 sf of brand new hip retail, services and trendy restaurant spaces on Wilshire at Virgil, Hoover and Alvarado Blvds. Walk Score 90. The lot is completely empty. Building across street completed 2016 with excellent rent comps.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-01-24T18:42:28.547. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.