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$2,300,000
Est. payment /mo
9,025 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25079690
HOA Y/N No
Lot Size 9,025 Sqft
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 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
Location
State CA
County Los Angeles
Area Krea - Koreatown
Zoning LAR3
Interior
Fireplace No
Exterior
Community Features Curbs
View Y/N Yes
View Neighborhood
Building
Lot Description Back Yard
Water Public
New Construction No
Others
Senior Community No
Tax ID 5518023004
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
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Listed by Rana Khanjani • Sync Brokerage • 818-723-9071