DOUBLE LOT, OPPORTUNITY ZONE. ZONED R4-1, TOC TIER 3. (821-827 S. Grand View). In booming Westlake area of LA, just south of Mc Arthur Park, 1.5 blocks from METRO, West of DTLA. 100' of frontage on Grand View. Entitlements/RTI in process for 60 units. Plans submitted to LADBS. RTI expected in 9 months. 7 Units Affordable. Option to purchase now Pre-RTI, OR fully RTI delivery package ready to build. UNIT MIX: 29 STUDIOS; 22U X 1 BED/1 BA; 9U X 2 BED/2 BA. Over 1000 new apartment, hotel and retail units coming to the immediate area. McArthur Park and Lake slated for a $20mm renovation. Parking level designed with additional height to allow for 'Independent Mechanical Parking systems'. Seller/Agent do not guarantee any information in this listing. WALK SCORE 96!! Buyer to conduct and rely solely on independent Buyer investigations regarding all matters affecting the property. Plans furnished upon request.
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