We are pleased to present a development opportunity in the Hollywood/Koreatown area of Los Angeles, CA. The offering consist of 7,605 square feet of LAR3-1 land. The dimensions of the parcel is 50 feet wide and 152 feet deep. There is currently a 1,477-square foot single family home on the land to be delivered vacant at the close of escrow. The zoning allows for nine units to be built by right. Using density bonus a builder can build up to 13 units. The area is rapidly gentrifying and there are many new developments in close proximity to the property.
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