APPROVED 100% RTI PLANS!!! Calling Builder/Developer/Contractor with the opportunity to start building immediately. Offering an unmatched opportunity to create an architectural masterpiece, this expansive 7,300+ Sqft. flat lot is located in the heart of the highly desired Los Feliz. The property is shovel-ready and comes with a city-approved set of plans to build 4 luxury townhouse-style apartments. Proposed plans have the utmost attention to detail featuring 3 bedroom floor plans from 1,600 - 2,475 Sqft. plus on-grade parking and common outdoor space. Plans are projected at approximately $295,000+ in yearly rental income. Rapidly developing East Hollywood/Los Feliz is home to a multitude of future hotels, residential housing, and mixed-use developments. Just minutes to Vermont and Hillhurst shops & dining, Silver Lake Reservoir, and the new Erewhon store. The neighborhood borders the well-known Griffith Park, adored by locals for its hiking, concerts at the Greek Theater, and stargazing at Griffith Observatory. This location has an 84/100 Walk Score and it is minutes away from Los Feliz Village and the growing retail and restaurant hub along Hollywood Blvd at Vermont Ave. Nearby to Metro station and quick access to the 101 freeway. Don't miss out on this rare development opportunity at this trophy location.
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