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.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
