Reduced $250K-Owner is Motivated- Bring All Offers- Won't be Offended!- Two Options on this Site: (1) Purchase with existing entitlements for 29 units (only $77K/buildable door/RTI); or (2) Take advantage of TOC Tier 2 status, scrap existing plans and build potentially up to 48 units (only $47K/buildable door/raw land) . The property is currently fully entitled for a state-of-the-art 29 market-rate unit building with rental rates projected between $4.00-$4.60 per foot. At only $77,000/buildable door for an RTI site makes this one of the best deals on the market. Or, scrap the plans and start over, taking advantage of TOC Tier 2 status and re-entitle this site for potentially up to 48 unit- unheard of $47K/buildable door = Best Value Site in LA. The property is within close proximity to some of the hottest parts of Silverlake including Sunset Junction, Echo Park, Atwater Village and Downtown Los Angeles.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
