Presented for sale is a modern and beautifully designed 55-unit Residential Project on a Double-Lot. Spanning five floors of living space with parking at grade and underground, the current preliminary design includes 15 studios, 20 one bedroom homes and 20 two bedroom homes, all with a balcony. The rooftop deck will provide great views for your tenants! Situated in the eastern end of Koreatown, this part of Los Angeles is undergoing a tremendous change and becoming the envy of metro LA. Walk Score calls this location a Walkers Paradise and declares that it has Excellent Transit - the under- one-mile walk to the Wilshire/Vermont Metro Station opens up the neighborhood to the rest of what Los Angeles has to offer. Preliminary entitlement work has been done. Being sold as is. Two APNs sold together for redevelopment (5077-027-018 & 5077-027-019). Site currently has 2 fourplexes (3 of the 8 units may be deliverable vacant).
FACTS / FEATURES
- Lot Size: 13,500 sqft