Price Reduced! We are pleased to present for sale an R3 (TOC Tier 3), development opportunity located in the heart of KOREATOWN! This is a prime opportunity to build on an oversized lot less than half a mile from the Wilshire/Western Metro station, CGV Cinemas, and all the shopping and dining Koreatown has to offer! The proximity to local amenities and easy access to transportation makes this an ideal investment for developers and investors looking for top rents! Lot size is approximately 10,113 sqft, meaning a developer can build 12 units by right or up to 23 units utilizing the new TOC regulations. Home is currently being run as a pre-school by the owner. Many options to collect cash while going through the lengthy permitting process: AIRBNB, short-term rentals, or run your own pre-school! Don't miss this opportunity to build in one of the hottest areas of Los Angeles! No tenant relocation or rent control here! Buyer to verify all zoning and regulations with LADBS and the city of LA.
Based on information from California Regional Multiple Listing Service, Inc. as of January 29th, 2020 at 8:36am CST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.