NEW PRICE! We are pleased to present for sale an R3-1, TOC TIER 2, development opportunity located in the highly gentrifying area of Historic Filipinotown! Due to its close proximity to Silver Lake, Echo Park, and Koreatown, this is a prime development opportunity for investors looking to capture strong rents in a highly increasing demand area. 146 N Rampart is currently a single family home=NO COSTLY TENANT RELOCATION! The home sits on a very desirable 6,877 sqft lot, meaning a developer can build 8 units by right or up to 15 units utilizing the new TOC regulations (only $78,000/door!!!). The TOC also provides for reduced parking and setback requirements (buyer to verify all zoning and TOC regulations with LADBS). 146 N Rampart has a walk score of 80 (Very Walkable), excellent for future tenants. Home to be sold As-Is. Do not miss this opportunity to build in Historic Filipinotown, one of LA's hottest neighborhoods! Contact listing agent for more details.
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