The subject property is comprised of two side by side lots consisting of a Single family dwelling and a 4-plex. The property will be delivered vacant. APN 6048-004-043 & 6048-004-042 are included in this sale. The combined lot size is 20,000 SF. The combined lots allow for multiple projects, it can be a rehab project, a value add project or a tear down development project. The 2 parcels are zoned R3 and Seller estimates the combined lots will allow for 25 dwelling units, by right. It has recently been determined by the LA City Planning Dept that these 2 parcels are not in Tier 1 category of the Transit Oriented Communities affordable housing program (TOC) and are currently identified incorrectly as Tier 1 properties on the Zimas map.This site does qualify for the State of California's 35% Density Bonus program, which can be utilized to possibly develop up to 34 units.**Buyer must independently verify all density build out numbers to their satisfaction.**
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.
