503 S Westlake Av Los Angeles, CA 90057

$1,925,000
Los Angeles, CA   90057
0 Beds, 0.0 Baths, 0 sq ft, 7,748 sq ft lot, Built in 0
503 S Westlake Av, Los Angeles, CA 90057 Photo 0
0 Beds,
0.0 Baths,
0 sq ft,
7,748 sq ft lot
Built in 0

Description

MLS# 18385560

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.

Description

MLS# 18385560

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.

Area
AREA: C42 - Downtown L.A.
COUNTY: LA
Building Info
VIEW: None
Community
HOA DUES 1: 0.00
Land
LOT DIMENSIONS: 50x155
ZONE: LAR4
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