AFFORDABLE DEVELOPMENT ALERT! Located in Opportunity Zone! Develop on TWO separate lots in the heart of Pico Union. Very unique piece of lots as 13,962 Sq Ft of the lots are zoned RD1.5 & in HPOZ & 6,305 Sq Ft of the other lot is zoned C2 & not in HPOZ. There is an existing fourplex at 1016 W 18th St w/ 10' driveway on the side that accesses the rear of the lot where there was a truck sales lot previously. The office structure for the truck sales can be demolished per seller's investigation w/ HPOZ. The fourplex is protected under HPOZ & will be delivered w/ tenants. The neighboring lot (018) is currently used as an auto/truck sales and services. There is a Q condition on the C2 portion & there is access from Toberman St as well. The density for a residential lot increases when abutting commercial use. The density calculations should be as followed: 6,305 Sq Ft is zoned C2-1 and 13,962 Sq Ft is zoned RD1.5.
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