DEVELOPMENT OPPORTUNITY: Build a 15 unit multi-family with the possibility to build up to 24 units (buyer to verify) for sale in the highly sought after area of Koreatown. Located in the high demand rental area with new developments coming quickly and transportation close by. Existing 5,906 square foot lot Zoned R4 with the opportunity to utilize the Tier 2 Transit Oriented Community (TOC) incentive which allows the bonus density to build 15 units. With these TOC construction benefits it presents a great opportunity for a builder or investor. The current structure on the lot consists of three 1 bedroom 1 bath units with a $2,469 monthly income. Current development two doors north of subject is combined approx. 3 lots. Grading is in process. See images.
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