2823 LEEWARD Avenue, Los Angeles (City), California
2823 LEEWARD Avenue, Los Angeles (City), California 90005 - UNIQUE DEVELOPMENT OPPORTUNITY! BUILD 41 UNITS: $47,200 PER UNIT, UN-ENTITLED! 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, 0.5mi to TWO METRO stations, 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. Currently 6 Tenants are living on property in a 4 unit building.
Listing Courtesy of Keller Williams Rlty Brentwood