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$ 2,300,000
Est. payment | /mo
9,024 Sqft Lot
$ 2,300,000
Est. payment | /mo
9,024 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25079690
HOA Y/N No
Lot Size 9,024 Sqft
Acres 0.2072
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
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
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
Area Los Angeles (90004)
Building
Lot Description Curbs
Lot Size Range 7500-10889 SF
Others
Monthly Total Fees $54
Acceptable Financing Cash
Listing Terms Cash
Listed by Rana Khanjani • Sync Brokerage
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "