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$ 2,200,000
Est. payment | /mo
$ 2,200,000
Est. payment | /mo
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25079690
Property Sub-Type Lots/Land
Property 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 2 two-bedroom, 36 one-bedroom units and 8 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
Location
State CA
County Los Angeles
Direction Vermont and Beverly
Interior
Fireplace No
Exterior
View Y/N No
Others
Tax ID 5518023004
Listed by Rana Khanjani Sync Brokerage