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Description
This property presents a development and/or a stable income generating investment opportunity in prime Koreatown. Tenants are in walking distance to markets, schools, hospitals, offices, etc. This property is located on a huge lot of 11,130 square feet of land and zoned R4-2 with a Tier 3 TOC Designation including a superior land value. This is a 14 unit mid-century garden style apartment, which generates a healthy return while entitling for development of 47 units by utilizing LA City's TOC Program. Buyer to conduct any/all due diligence pertaining but not limited to the development feasibility. Soft Story Retrofit Required. Please do not disturb tenants, drive by only.
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