Presented for sale is a centrally located prime R4-1 lot for development in Los Angeles. Property is "ED-1 eligible site" which offers affordable housing developers amazing incentives such as unlimited density & height increase bonus, zero parking requirements, 100% increase of base FAR ratio, streamlined and faster ministerial approval process and many more. This lot boasts central location minutes to Hollywood, Silver Lake, Downtown LA or Korea Town with a WalkScore of 92/100 - walker's paradise. The neighborhood has a lot of nearby conveniences, stores and restaurants. It is close to public transportation and major freeway access. Property is also located inside the Opportunity Zone, which can give major tax incentives to the right developer. Current structure is a 3-unit building which will be delivered vacant. No eviction, relocation assistance or SB8 replacement of protected units/tenants necessary. This is not to be missed! Contact listing agent today!
OC24086104
Land, Other
Los Angeles
0.2067
Acres
Public
Electricity Connected,Sewer Connected,Water Connected
Exterior / Lot Features
- Parking
- 0 Covered Parking Spaces.
- Lot View
- Other, City
- Zoning
- LAR4
- Additional Exterior/Lot Features
- Front Yard,Garden,Rectangular Lot.
Financial Considerations
5518007013
Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Submit
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