We are pleased to present for sale an R3-1, TOC-TIER 1 VACANT LAND development opportunity located in the highly gentrifying Historic Filipinotown area, minutes away from Silver Lake and Echo Park. Lot size is approximately 7,997 sqft, meaning a developer can build 9 units by right or up to 15 units utilizing the TOC regulations. TOC also provides for reduced parking and setback requirements (buyer to verify all zoning and TOC regulations with LADBS). Buyer has an opportunity to purchase the neighboring 8,000 sqft lot, which currently consists of a single family residence (potential to build up to 30 units with both lots!!!!). ~$50,000 per door pre-construction with TOC! Don't miss this fantastic opportunity to build in a highly gentrifying area of Los Angeles with strong rental demand! Buyer to verify all zoning and TOC regulations with the city of LA. Contact agent for more details!
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