We are pleased to present for sale a FLAT & VACANT R3 development opportunity located in the Pico-Union submarket of Los Angeles! Zoned R3-1-HPOZ, TOC Tier 1 on a 6,874 sqft lot, a developer may build 8 units by right or up to 14 units utilizing TOC incentives. Per LA City Planning, the entitlement process should be easier than typical HPOZ projects since no demolition of any existing improvements/historic homes is required! (Buyer to Verify with LADBS). The site is also located within an Opportunity Zone which may provide tax incentives. Site is currently being used as a parking lot. Lots of new construction going on in the Westlake/Pico Union neighborhood. Do not miss this opportunity to purchase at a low price point & build near all the shopping, dining, and entertainment that LA Live/Downtown LA has to offer its tenants!! Buyer to verify all zoning details with relevant city departments. Contact listing agent for more details!
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