MAJOR OPPORTUNITY $50000 REDUCTION. 165 Catalina is one of the LARGEST R3 development sites in the area priced $168/SF and $140,000/by-right buildable unit or 73,684 per TOC unit on an attractive frontage of 57 FT x 146 FT. This unique opportunity to build 10 units by right or 19 with TOC Density Bonus (+4 ADUs?), as opposed to most other projects offering 8 or 9 units buildable. Area consistently benefits with Tons of new developments in the area from the growth of East Hollywood and given our property's close proximity to an abundance of wealth in Hancock Park, Silverlake, Larchmont, and Vermont Blvd in Koreatown. The property sits on flat land with over 9 tandem parking spaces and a 4 car garage. Passage of the new ADU ordinances, developer may have the opportunity to build an extra 4 Accessory Dwelling Units when redeveloped. Plenty of amenities along 3rd St and Vermont Ave and public/private funded new developments. Subject property sits North of Wilshire Blvd in the OPPORTUNITY ZONE and is easily accessible by the 101 Fwy and 10 Fwy. This is an AS-IS sale delivered with tenants in place. Cross-listed as Income Property. Buyer is advised to do their own due dilligence and independently verify the accuracy of all marketed information through personal inspection and with the appropriate professionals.
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