2823 Leeward Av Los Angeles, CA 90005

$2,300,000
Los Angeles, CA   90005
0 Beds, 0.0 Baths, 0 sq ft, 9,514 sq ft lot, Built in 0
0 Beds,
0.0 Baths,
0 sq ft,
9,514 sq ft lot
Built in 0

Description

MLS# 17268014

PROPERTY IS IN ESCROW. LOOKING FOR BACK UPS. BUILD 41 UNITS: $47,200 PER UNIT, UN-ENTITLED! UNIQUE DEVELOPMENT OPPORTUNITY! SUBJECT Property is confirmed located within the brand new TOC designated qualified TIER-3 zone for a 70% DENSITY BONUS AWARD, yielding 41 residential units (10% of units Extremely low income) allowing for several on menu incentives to make this investment a monumental success! HUGE INCOME PRODUCING "UNENTITLED" lot Zoned R4-2. NO HEIGHT LIMIT! Excellent prime Koreatown adjacent location, walking distance to McArthur Park, transportation and over 50,000 SQFT OF brand new COMMERCIAL RETAIL AMENITIES. Alternatively, a 23 unit, high end condo project can be built on this site. Immediate pocket area is undergoing massive gentrification with a minimum of 750 brand new apartment and condo units under construction. OM ATTACHED. Listed by Tannaz Kamran Rahbar, Keller Williams Rlty Brentwood.

Description

MLS# 17268014

PROPERTY IS IN ESCROW. LOOKING FOR BACK UPS. BUILD 41 UNITS: $47,200 PER UNIT, UN-ENTITLED! UNIQUE DEVELOPMENT OPPORTUNITY! SUBJECT Property is confirmed located within the brand new TOC designated qualified TIER-3 zone for a 70% DENSITY BONUS AWARD, yielding 41 residential units (10% of units Extremely low income) allowing for several on menu incentives to make this investment a monumental success! HUGE INCOME PRODUCING "UNENTITLED" lot Zoned R4-2. NO HEIGHT LIMIT! Excellent prime Koreatown adjacent location, walking distance to McArthur Park, transportation and over 50,000 SQFT OF brand new COMMERCIAL RETAIL AMENITIES. Alternatively, a 23 unit, high end condo project can be built on this site. Immediate pocket area is undergoing massive gentrification with a minimum of 750 brand new apartment and condo units under construction. OM ATTACHED. Listed by Tannaz Kamran Rahbar, Keller Williams Rlty Brentwood.

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    Mike Misquez, MBA

    NMLS# 1662824

    Direct: (909) 251-2560
    Email: mike@colonialres.com

Area
AREA: C17 - Mid-Wilshire
COUNTY: LA
Building Info
VIEW: None
Community
HOA DUES 1: 0.00
Land
ZONE: LAR4
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