Description
PRICE REDUCED FOR QUICK SALE! 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. 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! SELLER IS MOTIVATED and will consider all offers!
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Similar Listings
11 Beds
20 Baths
27,150 Sq ft
$115,000,000
MLS# 21679756
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