We are pleased to present for sale this incredible development and/or Multi-Family opportunity in prime Koreatown! The property is strategically located 3 blocks north of famous Wilshire Blvd and on a corner lot on 4th Street and Normandie. It is situated on 11,130 Square Feet of Land and zoned R4-2 with a Tier 3 TOC Designation. This beautifully constructed 14 unit mid-century garden style apartment is poised for an astute investor looking to increase rents with 26% up-side potential OR achieve healthy returns while entitling for development of 47 Units by utilizing LA City's TOC program. 1 Unit is vacant and will be delivered as such. Buyer to conduct any/all due diligence pertaining but not limited to the development feasibility. Soft Story Retrofit Required. Email for OM. Please do not walk on the property or disturb tenants - drive by only.
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