933 S Westmoreland Ave, Los Angeles, CA 90006

This investment offers an opportunity to purchase a land on R4 zoning and build a maximum up to 41 units. Excellent location surrounded by developments is in the prime Koreatown submarket, adjacent to Downtown LA. This area has seen a dramatic change in the last few years, with the addition of many new coffee shops, restaurants, retails, and new construction housing. Very low price per potential unit. TOC Tier 3 incentives allow a developer potentially to build up to 41 units. Property located at the signalized intersection of major Olympic Blvd and San Marino Street, approximately one mile from I-10 FWY. Property suits to the surrounding area demographics and drives significant traffic to this location. The density and infill characteristics of this location create high barriers to entry for competition and new development in a mature retail market. The property is surrounded by retailers, businesses, minutes away from Staples Center, USC, LA Live, Convention Center, DTLA.