SHOVEL READY 31 UNIT Development opportunity. Rare CORNER LOT, PERMITS ISSUED AND PAID for. MIX: 27 UNITS ARE 1 BED/1BATH, PLUS 4 STUDIOS. (4/31 units are very low income.) Excellent presentation for first class development with W/D in each unit, private balconies and gorgeous views of DTLA. Corner of Hoover and San Marino str. ALL PARKING ABOVE GROUND (no subterranean excavation costs). No Quimby fees, no JJJ, no linkage fees. Area is gentrifying rapidly, lots of new and exciting retail to be constructed within 1 block. Immediate access to public transportation. BUY AND BUILD.****BUYER TO REIMBURSE SELLER FOR ALL DEMO AND PERMIT FEES, $300,000 in addition to the Purchase Price). OM, PLANS AND DOCS AVAILABLE FOR IMMEDIATE REVIEW.
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