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2823 LEEWARD Avenue, Los Angeles (City), California

$1,935,0009 BedsActive

2823 LEEWARD Avenue, Los Angeles (City), California 90005
- MLS® ID: 17274110

Property Details

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.

Amenities

  • Zip90005
  • CountyLos Angeles
  • SQFT7136
  • Bedrooms9
  • StatusActive
  • Purchase TypeActive
  • Property typeArray
  • Zoning typeLAR4-2
  • Year built1922
  • HeatingWall Electric
  • Parking4
  • MLS® ID17274110

Listing Courtesy of Keller Williams Rlty Brentwood

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