Description
We are pleased to present for sale a R4 TOC Tier 3 development opportunity located in the heart of KOREATOWN! Lot size is approximately 6,750 sqft, meaning a developer can build 16 units by right or up to 29 units using TOC incentives. Only $55,000/door using full Tier 3 incentives!! TOC incentives allow for reduced parking & setback requirements and increased density options. Lot dimensions are ~ 50 ft by 135 ft. The site will be FULLY DEMOED by the end of January, saving a developer thousands in demo costs!! No tenant relocation here, COME RIGHT IN AND BUILD! Proximity to local amenities and easy access to transportation makes this an ideal investment for developers looking for top rents! Buyer to verify all zoning and TOC guidelines with LADBS. Contact listing agent for more details. Do not miss this prime opportunity to build near all the shopping, dining, and transportation Koreatown has to offer its tenants! SELLER IS MOTIVATED and will consider all reasonable offers!!
-
0BEDS
-
0.15ACRES
-
0BATHS
-
01/2 BATHS
School Ratings & Info
Description
We are pleased to present for sale a R4 TOC Tier 3 development opportunity located in the heart of KOREATOWN! Lot size is approximately 6,750 sqft, meaning a developer can build 16 units by right or up to 29 units using TOC incentives. Only $55,000/door using full Tier 3 incentives!! TOC incentives allow for reduced parking & setback requirements and increased density options. Lot dimensions are ~ 50 ft by 135 ft. The site will be FULLY DEMOED by the end of January, saving a developer thousands in demo costs!! No tenant relocation here, COME RIGHT IN AND BUILD! Proximity to local amenities and easy access to transportation makes this an ideal investment for developers looking for top rents! Buyer to verify all zoning and TOC guidelines with LADBS. Contact listing agent for more details. Do not miss this prime opportunity to build near all the shopping, dining, and transportation Koreatown has to offer its tenants! SELLER IS MOTIVATED and will consider all reasonable offers!!
Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-01-24T20:42:18.473. 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.