Description
Prime koreatown development opportunity with rti permits fully delivered for a 46-unit affordable housing developement. the 9,024 sf r3-zoned lot is approved for 40 one-bedroom units and 6 studios, totaling approx. 15,703 sf of rentable space and 20,510 sf of gross building area. projected monthly income is approx. $109,072 based on hacla section 8 rents. located in a high-demand, transit-accessible area near metro lines, major employers, and endless dining and retail. strong potential for long-term cash flow and value appreciation
Property Type
LandCounty
Los AngelesStyle
LandAD ID
49517671
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Property Details
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Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.2072
- Lot Size Source: Assessor
- Lot Size Square Feet: 9024
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Listing Information
Listing Price Information
- Original List Price: 2,300,000
- Listing Contract Date: 2025-04-10
Lease Information
- Listing Agreement: Exclusive Right To Sell
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Taxes / Assessments
Tax Information
- Parcel Number: 5518023004
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
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School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: KREA - Koreatown
- Postal Code Plus 4: 4606
- Directions: Vermont and Beverly
- Zoning: LAR3
- Source Property Type: Land
- Area: KREA - Koreatown
Building and Construction
- Year Built Source: Vendor Enhanced
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BuyOwner last updated this listing 04/28/2025 @ 03:20
- MLS: SR25079690
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Land, with 0 bedrooms which is for sale, it has 0 sqft, 9,024 sized lot, and 0 parking. are nearby neighborhoods.