We are pleased to present a mixed use development opportunity located in the quickly gentrifying MacArthur park area bordering Koreatown. The project is located in a Qualified Opportunity Zone with Potential Tax Benefits (consult with accountant). The project consists of 58 units, including 55 Residential units and an additional 3,038 sq. ft. (3 Units) of ground floor retail on 7th St. This excellent unit mix for the 55 residential units consists of 25: 2 Bed + 2 Bath, 20: 1 Bed + 1 Bath and 10 Single + 1 Bath units. The property is located on a corner lot with almost 150 feet of frontage on W 7th St., just one block south of Wilshire Blvd, representing the prime location for the neighborhood. The building features amenities including a Gym, Rooftop Open Space and a Leasing Office. The property boasts a walk score of 96 and is in close proximity to Downtown Los Angeles, Southwestern Law school, and many offices and entertainment spaces. Project can be delivered RTI and the seller will consider JV partnerships: please discuss further with listing agent.
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