MULTIFAMILY DEVELOPMENT IN OPPORTUNITY ZONE: R4-1 ZONED LOT WITH 7,748 SQFT LOT AREA PLUS REAR ALLEY, TOC TIER 3. Only 500 FEET TO METRO and MCARTHUR PARK!!! PRICED AT $53,000/DOOR. PACKAGE INCLUDES UN-ENTITLED LAND WITH CURRENT IMPROVEMENTS (4plex), ARCHITECTURAL PLANS FOR A 36 UNIT DEVELOPMENT PROJECT, SURVEY REPORT, TOC TIER 3 application approved for 36 units. McARTHUR PARK slated for A $20MM renovation. Currently a 4plex with $79,000 annual income and currently all units are 1bed, 1bath. 1.2miles from Downtown LA. Property sold AS-IS. Listed by Tannaz Kamran Rahbar, Keller Williams Rlty Brentwood.